Core Viewpoint - A class action securities lawsuit has been filed against NET Power, Inc. alleging securities fraud that affected investors between June 9, 2023, and March 7, 2025 [1][2]. Group 1: Allegations and Impact - The lawsuit claims that NET Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and that the project would be significantly more expensive than previously represented due to supply chain issues and site-specific challenges [2]. - Defendants' projections regarding the time and capital needed to complete Project Permian were deemed unrealistic, which could negatively impact the Company's business and financial results [2]. - Public statements made by the defendants were materially false and misleading throughout the relevant period [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 17, 2025, to request to be appointed 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, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - NET Power, Inc. is facing a class action securities lawsuit due to alleged securities fraud that affected investors between June 9, 2023, and March 7, 2025 [1] Group 1: Allegations and Impact - The lawsuit claims that NET Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and that the project would be significantly more expensive than previously represented due to supply chain issues and site-specific challenges [2] - Defendants' projections regarding the time and capital needed to complete Project Permian were deemed unrealistic, which could negatively impact the Company's business and financial results [2] - Public statements made by the defendants were materially false and misleading throughout the relevant period [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 17, 2025, to request to be appointed 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, and there is no obligation to participate [3] Group 3: Firm Background - Levi & Korsinsky has a strong track record in securing compensation for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]

Core Viewpoint - A shareholder class action lawsuit has been filed against NET Power Inc. alleging misleading statements regarding the company's Project Permian, including concerns about project delays and increased costs due to supply chain issues and other challenges [1] Group 1: Lawsuit Details - The lawsuit claims that NET Power is unlikely to complete Project Permian on schedule and that the project will be significantly more expensive than previously represented [1] - Allegations include that the projections regarding the time and capital needed to complete Project Permian were unrealistic [1] - The lawsuit suggests that the increased time and capital requirements will negatively impact NET Power's business and financial results [1] Group 2: Investor Information - Investors who purchased shares of NET Power between June 9, 2023, and March 7, 2025, and experienced significant losses are encouraged to discuss their legal rights [2] - The deadline for investors to ask the court to be appointed lead plaintiff in the case is June 17, 2025 [3]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of NET Power, Inc. regarding a class action lawsuit due to allegations of misleading statements and failure to disclose critical information related to Project Permian [1]. Group 1: Allegations - The complaint alleges that NET Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and that the project would be significantly more expensive than previously represented due to supply chain issues and site-specific challenges [1]. - Defendants' projections regarding the time and capital needed to complete Project Permian were deemed unrealistic [1]. - The increased time and capital requirements for Project Permian are likely to negatively impact the company's business and financial results [1]. - Public statements made by the defendants were materially false and misleading throughout the relevant period [1]. Group 2: Class Action Details - The class period for the lawsuit is from June 9, 2023, to March 7, 2025 [1]. - Shareholders are encouraged to register for the class action by June 17, 2025, to potentially be appointed as lead plaintiffs [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against NET Power Inc. due to allegations of misleading statements regarding Project Permian's timeline and costs, which have led to significant stock price declines and investor losses [3][5][8]. Group 1: Allegations and Legal Actions - The complaint alleges that NET Power and its executives violated federal securities laws by making false statements and failing to disclose that Project Permian was unlikely to be completed on schedule and would be significantly more expensive than previously stated [5]. - Investors are reminded of the June 17, 2025 deadline to seek the role of lead plaintiff in a federal securities class action against NET Power [3]. - The law firm encourages investors who suffered losses in NET Power to contact them directly to discuss their legal options [1][11]. Group 2: Financial Impact and Stock Performance - On November 14, 2023, NET Power announced a significant delay in Project Permian, pushing the expected operational date from 2026 to between the second half of 2027 and the first half of 2028, resulting in an 18.54% drop in stock price [6][7]. - On March 10, 2025, NET Power disclosed that the total installed cost for Project Permian is now estimated to be between $1.7 billion and $2.0 billion, significantly higher than the previous estimate of $1.1 billion, leading to a 31.46% decline in stock price [8]. - Following the announcement of executive departures on April 15, 2025, NET Power's stock price fell by 5.75% [9].

Core Viewpoint - A class action securities lawsuit has been filed against NET Power, Inc. alleging securities fraud that affected investors between June 9, 2023, and March 7, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that NET Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and that the project would be significantly more expensive than previously represented due to supply chain issues and site-specific challenges [2]. - Defendants' projections regarding the time and capital needed to complete Project Permian were deemed unrealistic, which could negatively impact the Company's business and financial results [2]. - Public statements made by the defendants were materially false and misleading throughout the relevant period [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 17, 2025, to request to be appointed 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, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP 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].

Core Viewpoint - A class action lawsuit has been filed against NET Power Inc. for allegedly making false or misleading statements regarding its Project Permian, which is now expected to be delayed and more costly than previously indicated [3][4]. Group 1: Class Action Details - The class action represents investors who purchased NET Power securities between June 9, 2023, and March 7, 2025, with a deadline to file a lead plaintiff motion by June 17, 2025 [1]. - The lawsuit claims that NET Power was unlikely to complete its Project Permian on schedule and that the project would incur significantly higher costs due to supply chain constraints and other challenges [3]. Group 2: Financial Impact - Following the announcement of a delay in the Project Permian timeline on November 14, 2023, NET Power's stock price fell by over 18% [4]. - The company added a 12-month cushion to its project schedule, with initial power generation now expected between the second half of 2027 and the first half of 2028, delaying the original 2026 start date [4].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against NET Power Inc. due to allegations of misleading statements regarding Project Permian's timeline and costs, which have negatively impacted the company's stock price and investor confidence [2][4]. Group 1: Company Performance and Financials - NET Power's stock price fell by $2.47 per share, or 18.54%, closing at $10.85 on November 14, 2023, following the announcement of a significant delay in Project Permian's operational timeline [6]. - On March 10, 2025, NET Power disclosed that Project Permian's total installed cost is now estimated to be between $1.7 billion and $2.0 billion, up from a previous estimate of $1.1 billion, and the project is now expected to come online no earlier than 2029 [7]. - The company ended 2024 with $533 million in cash, down from $580 million, primarily due to operating cash outflows and capital expenditures [7]. Group 2: Project Permian Updates - The company announced a 12-month cushion in its expected schedule for Project Permian, now anticipating initial power generation between the second half of 2027 and the first half of 2028, a significant delay from the original 2026 target [5]. - The complaint alleges that NET Power and its executives failed to disclose the likelihood of delays and increased costs associated with Project Permian due to supply chain issues and other challenges [4]. Group 3: Management Changes - On April 15, 2025, NET Power announced the departure of its President and COO, as well as its CFO, effective May 1, 2025, which led to a further decline in stock price by $0.13 per share, or 5.75%, closing at $2.13 on April 16, 2025 [8].

Core Viewpoint - The article discusses a class action lawsuit against NET Power Inc. due to significant delays and cost overruns related to its Project Permian, which has negatively impacted the company's stock price and investor confidence [1][6]. Financial Performance and Events - On November 14, 2023, NET Power announced a delay in its Project Permian, pushing the expected operational date from 2026 to between the second half of 2027 and the first half of 2028, citing global supply chain issues [2]. - Following this announcement, NET Power's stock price dropped by $2.47, or 18.5%, closing at $10.85 per share [3]. - On March 10, 2025, the company revealed that the cost estimate for Project Permian had risen significantly, with total installed costs now estimated between $1.7 billion and $2 billion, leading to another stock price decline of $2.18, or 31.5%, closing at $4.75 per share [4]. - On April 15, 2025, the departure of key executives resulted in a further stock price decrease of $0.13, or 5.8%, closing at $2.13 per share [5]. Lawsuit Details - The class action lawsuit alleges that NET Power made materially false and misleading statements regarding the project's timeline and costs, failing to disclose the likelihood of delays and increased expenses due to supply chain issues and other challenges [6]. - Investors who purchased NET Power securities during the class period (June 9, 2023, to March 7, 2025) are encouraged to file a lead plaintiff motion by June 17, 2025 [1][7].

Core Viewpoint - A class action lawsuit has been filed against NET Power, Inc. for alleged violations of federal securities laws, specifically regarding misleading statements about Project Permian's completion timeline and budget [1] Group 1: Lawsuit Details - The lawsuit claims that NET Power made false and misleading statements about the likelihood of completing Project Permian on time and within budget due to supply chain issues and site-specific challenges [1] - The company's projections regarding the time and financial resources needed for Project Permian were deemed unrealistic [1] - Delays and cost overruns associated with Project Permian are expected to negatively impact the company's financial results and overall business [1] Group 2: Shareholder Information - Shareholders who purchased NET Power's securities between June 9, 2023, and March 7, 2025, are encouraged to contact the DJS Law Group before June 17, 2025, to participate in the lawsuit [1][2]