EnCore Energy (EU) Investors: Act Now to Lead Securities Fraud Lawsuit Before May 13 Deadline

The clock is ticking for investors in EnCore Energy Corp. (NASDAQ: EU) who suffered losses due to alleged securities fraud. A class action lawsuit filed in 2025 has set a critical deadline of May 13, 2025, for those seeking to serve as lead plaintiff—a role that carries significant influence over the litigation’s direction. With the stock price decimated and legal stakes high, this is a moment of urgency for affected investors.

Key Allegations: A Recipe for Investor Disaster

The lawsuit, filed in the U.S. District Court for the Southern District of Texas, alleges that EnCore and its executives misled investors by obscuring critical financial and operational flaws during the Class Period (March 28, 2024, to March 2, 2025). The core accusations include:
1. Failed Internal Controls: The company allegedly had a "material weakness" in its financial reporting due to poor risk assessment, communication, and monitoring.
2. GAAP Compliance Fails: EnCore capitalized exploratory costs under IFRS but could not do so under U.S. GAAP, leading to a $61.3 million net loss in 2024, more than double the prior year’s $25.6 million loss.
3. Misleading Statements: Despite these issues, executives allegedly portrayed the company’s prospects as stronger than reality.

The trigger came on March 3, 2025, when EnCore disclosed its 2024 financial results and the CEO’s abrupt departure. Shares plummeted by 46.4%, closing at $1.35—a stark contrast to their peak of over $3.00 in early 2024.

The Legal Landscape: Firms with a Track Record

Multiple high-profile law firms are representing investors, each emphasizing their expertise in securities litigation:
- Levi & Korsinsky: Cited for recovering hundreds of millions for shareholders and ranked in ISS’s Top 50 Securities Litigation Report.
- Robbins Geller: A powerhouse noted for securing over $2.5 billion in recoveries for investors in 2024 alone.
- Glancy Prongay & Murray: Highlights the May 13 deadline and the role of GAAP compliance failures.
- Howard G. Smith: Stresses the urgency of acting before the lead plaintiff deadline.

What Investors Need to Know

• Eligibility: Investors who purchased EU shares between March 28, 2024, and March 2, 2025, are eligible to join the class action.
• Deadline: Submit motions to be lead plaintiff by May 13, 2025. Even if not selected, investors can still recover losses without serving as lead plaintiff.
• No Fees Unless Successful: Class members are not required to pay upfront costs—lawyers work on a contingency basis.

Conclusion: Act Now—or Risk Losing Out

The math is clear: EnCore’s stock price collapsed by nearly 50% in a single day after the truth emerged, and the financial fallout from its alleged fraud has left investors with deep losses. With top-tier legal teams already engaged and a firm deadline looming, the window to influence this case is closing fast.

For every $1 million invested during the Class Period, an investor could now face losses exceeding $600,000—a staggering figure that underscores the urgency of acting by May 13. The firms involved have a proven record: Robbins Geller, for instance, recovered over $2.5 billion for shareholders in 2024 alone. This case is no exception—it represents a critical opportunity for investors to hold EnCore accountable and seek redress for their financial harm.

Don’t let this chance slip away. Contact a legal representative today to secure your position in what could be a landmark securities fraud recovery.

Investors are urged to consult with legal counsel promptly to understand their rights and options.