Nano Nuclear Energy Inc. misled investors about its progress towards regulatory approval and commercialization of its energy products and that its higher-ups are independent contractors working as executives of other companies, according to a proposed class action filed in New York federal court. The lawsuit alleges that the company made laughable regulatory claims and failed to disclose key information to investors. Investors are seeking damages for securities fraud, negligent misrepresentation, and violations of federal securities laws. The company has yet to respond to the allegations.
Nano Nuclear Energy Inc. Faces Investor Misleading Allegations in New York Federal Court, US
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