Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
ASPI.US
id: 1418
ASP Isotopes (ASPI) Technology Issues Case
The court has appointed the lead plaintiff to represent the class.
S.D. New York
Court1:24-cv-09253
Case number10/30/2024
Class period Start11/26/2024
Class period End02/03/2025
Lead Plaintiff motion deadline- $ASPI investors filed a lawsuit against ASP Isotopes for misleading them about its technology and uranium project viability.
- On November 26, 2024, Fuzzy Panda Research claimed ASP Isotopes overstated its technology and agreements with TerraPower. Following this, $ASPI dropped by 23.53%.
Case Details:
Between October 30, 2024, and November 26, 2024, ASP Isotopes promoted its "quantum enrichment technology" as a cutting-edge method for producing enriched isotopes, including uranium for nuclear fuel.
On October 30, 2024, the company announced a term sheet with TerraPower to build a uranium enrichment facility, which it claimed would significantly lower production costs.
However, on November 26, 2024, Fuzzy Panda Research accused ASP Isotopes of using outdated technology and exaggerating its non-binding, minor agreements with TerraPower.
The report also claimed that ASP’s South African operations lacked physical presence, raising doubts about its projects.
Following these revelations, $ASPI plummeted, losing 23.53%.
Based on these events, $ASPI investors filed a lawsuit against ASP Isotopes, accusing the company of the following:
- It misled investors about the effectiveness of its enrichment technology.
- It overstated the significance of its agreements and project capabilities.
Investors believe ASP Isotopes misrepresented its technological claims and project viability.
Case Status
Lead Plaintiff Appointed
Alleged Offence
Misleading Statements,
Financial Misrepresentation
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
11/26/2024
Filing date
12/04/2024
Lead Plaintiff Deadline
02/03/2025