1. NET Power, Inc. faces a class action lawsuit for alleged securities fraud. 2. The complaint reveals potential delays and cost overruns for Project Permian. 3. Misleading statements from defendants may negatively impact NPWR's business outlook. 4. Investors have until June 17, 2025, to join the lawsuit as lead plaintiffs. 5. No upfront costs for class members claiming compensation are required.
The lawsuit indicates potential operational issues, historically harming stock value and investor confidence. For example, similar lawsuits have previously led to price declines in companies facing operational delays.
The legal challenges and allegations may decrease investor confidence and directly affect stock performance, making it a significant concern for NPWR.
Immediate investor concerns due to the lawsuit will likely affect NPWR's stock price soon. Similar past events have often led to negative shifts in stock prices soon after announcement.
Levi & Korsinsky, LLP notifies investors in NET Power, Inc. ("NET Power, Inc." or the "Company") (NYSE: NPWR) of a class action securities lawsuit.
The lawsuit seeks to recover losses on behalf of NET Power, Inc. investors who were adversely affected by alleged securities fraud between June 9, 2023 and March 7, 2025. Follow the link below to get more information and be contacted by a member of our team:
https://zlk.com/pslra-1/net-power-inc-lawsuit-submission-form?prid=148045&wire=4
NPWR investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
The filed complaint alleges that defendants made false statements and/or concealed that: (i) Net Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and the project was likely to be significantly more expensive than defendants had represented, because of, inter alia, supply chain issues and numerous site- and region-specific challenges; (ii) accordingly, defendants' projections regarding the time and capital needed to complete Project Permian were unrealistic; (iii) the increased time and capital needed to complete Project Permian were likely to have a significant negative impact on the Company's business and financial results; and (iv) as a result, defendants' public statements were materially false and misleading at all relevant times.
If you suffered a loss in NET Power, Inc. during the relevant time frame, you have until June 17, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP