Core Viewpoint - New Fortress Energy Inc. is facing allegations of misleading investors regarding its revenue outlook and growth projections, particularly related to its Fast Liquefied Natural Gas (LNG) projects, which have not met previously stated timelines and have incurred significant financial losses [2]. Group 1: Allegations and Financial Impact - The complaint alleges that New Fortress Energy misrepresented its ability to deliver on its Fast LNG projects, specifically failing to have the FLNG 1 project operational by March 2024 as promised [2]. - The delays in the Fast LNG projects have reportedly cost the company upwards of $150 million per quarter, yet the company continued to project confidence in its growth and operational speed [2]. - Investors were misled by materially flawed statements regarding the company's growth projections, which did not account for the risks associated with the delays [2]. Group 2: Class Action Details - The class period for the allegations spans from December 12, 2022, to August 8, 2024, with a deadline for shareholders to register for the class action set for November 18, 2024 [3]. - Shareholders who purchased shares during the specified timeframe are encouraged to register for potential lead plaintiff appointment, although this is not required to participate in any recovery [1][3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [3].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased New Fortress Energy Inc. securities between February 29, 2024, and August 8, 2024, of the upcoming lead plaintiff deadline on November 18, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased New Fortress securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - To serve as lead plaintiff, individuals must file a motion with the Court by November 18, 2024 [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has recovered hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4]. Group 3: Case Background - The lawsuit alleges that during the Class Period, New Fortress misled investors regarding its revenue outlook and growth potential, particularly concerning its Fast Liquefied Natural Gas (LNG) projects [5]. - New Fortress' FLNG 1 project was expected to be operational by March 2024, but delays resulted in costs exceeding $150 million per quarter, which were not disclosed to investors [5]. - The lawsuit claims that the misleading statements led to investor damages when the true situation was revealed [5].

Core Viewpoint - Securities class action lawsuits have been filed against New Fortress Energy Inc. for alleged misleading statements and failure to disclose critical information regarding its revenue outlook and project progress during the specified class period [1][3]. Group 1: Allegations Against New Fortress - Defendants allegedly created a false impression of having reliable information about New Fortress' projected revenue and growth while downplaying risks associated with its Fast LNG projects [3]. - The complaints specifically state that New Fortress' Fast LNG 1 project did not meet the publicly stated timeline, which indicated it would be operational by March 2024 [3]. Group 2: Legal Process for Investors - Investors in New Fortress have until November 18, 2024, to seek appointment as lead plaintiff representatives in the class action lawsuit [4]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the class [4]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [6].

NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of New Fortress Energy Inc. (NASDAQ: NFE). Shareholders who purchased shares of NFE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/new-fortress-energy-inc-loss-submission-form/?id=111432&from=3 CLASS PERIOD ...

RADNOR, Pa., Nov. 08, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in United States District Court for the Southern District of New York against New Fortress Energy Inc. (“New Fortress”) (NASDAQ: NFE) on behalf of investors who purchased or otherwise acquired New Fortress securities between December 12, 2022 and August 8, 2024, inclusive (the “Class Period”) The lead plaintiff deadline is No ...

Core Viewpoint - New Fortress Energy Inc. is facing a class action securities lawsuit due to alleged securities fraud that misled investors about the company's revenue outlook and growth projections [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for investors affected by alleged fraud between December 12, 2022, and August 8, 2024 [1]. - Defendants are accused of creating a false impression regarding the reliability of information about the company's projected revenue and growth while downplaying risks associated with its Fast Liquefied Natural Gas (LNG) projects [2]. - The Fast LNG projects failed to meet public statements, particularly the FLNG 1 project, which was expected to be operational by March 2024, leading to significant financial losses of approximately $150 million per quarter due to delays [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until November 18, 2024, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

New Fortress Energy (NFE) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 400%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced a loss of $0.41, delivering a surprise of -555.56%.Over the last four quarters, the company ...

NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of New Fortress Energy Inc. (NASDAQ: NFE). Shareholders who purchased shares of NFE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/new-fortress-energy-inc-loss-submission-form/?id=110736&from=3 CLASS PERIOD ...

RADNOR, Pa., Nov. 02, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in United States District Court for the Southern District of New York against New Fortress Energy Inc. (“New Fortress”) (NASDAQ: NFE) on behalf of investors who purchased or otherwise acquired New Fortress securities between February 29, 2024 and August 8, 2024, inclusive (the “Class Period”) The lead plaintiff deadline is No ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased New Fortress Energy Inc. securities between February 29, 2024, and August 8, 2024, of the upcoming lead plaintiff deadline on November 18, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought New Fortress securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by November 18, 2024 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Background - The lawsuit alleges that during the Class Period, New Fortress misled investors regarding its revenue outlook and growth potential, while downplaying risks associated with its Fast Liquefied Natural Gas (LNG) projects [5]. - Specifically, the FLNG 1 project was expected to be operational by March 2024, but delays resulted in costs exceeding $150 million per quarter, which were not disclosed to investors [5]. - The misleading statements led to investor damages when the true situation was revealed [5].