Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of NET Power, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its Project Permian, which is unlikely to be completed on schedule and will likely incur higher costs than previously stated [1][2]. Group 1: Allegations - The complaint claims that during the class period from June 9, 2023, to March 7, 2025, NET Power failed to disclose significant challenges related to the completion of its first utility-scale plant, Project Permian, including supply chain issues and site-specific challenges [1]. - It is alleged that the company's projections regarding the time and capital required for Project Permian were unrealistic, which could negatively impact its business and financial results [1]. - The public statements made by the defendants were deemed materially false and misleading throughout the relevant period [1]. Group 2: Class Action Details - Shareholders who purchased shares of NPWR during the specified class period are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for June 17, 2025 [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].

Core Viewpoint - Investors in NET Power Inc. have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred as a result of misleading statements by the company's management regarding Project Permian [1][3]. Group 1: Lawsuit Details - The lawsuit alleges that from June 9, 2023, to March 7, 2025, NET Power's management failed to disclose critical information about Project Permian, including the likelihood of delays and increased costs due to supply chain issues and site-specific challenges [3]. - The complaint states that the projections made by the defendants regarding the time and capital required to complete Project Permian were unrealistic, which could significantly impact the company's business and financial results [3]. - It is claimed that the positive statements made by the defendants about the company's operations and prospects were materially misleading and lacked a reasonable basis during the relevant period [3]. Group 2: Participation Information - Investors who suffered losses in NET Power Inc. are encouraged to contact the Law Offices of Howard G. Smith before June 17, 2025, to participate in the ongoing class action lawsuit [2][4]. - Interested parties can reach out via email or phone to discuss their legal rights and options regarding the lawsuit [2][4].

NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in NET Power, Inc. ("NET Power, Inc." or the "Company") (NYSE: NPWR) of a class action securities lawsuit. CLASS DEFINITION: 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-laws ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of NET Power, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its Project Permian, which is unlikely to be completed on schedule and may incur higher costs than previously represented [1][2]. Group 1: Allegations - The complaint alleges that during the class period from June 9, 2023, to March 7, 2025, NET Power failed to disclose significant challenges related to the completion of its first utility-scale plant, Project Permian, including supply chain issues and site-specific challenges [1]. - It is claimed that the projections regarding the time and capital needed to complete Project Permian were unrealistic, which could negatively impact the company's business and financial results [1]. - The public statements made by the defendants were deemed materially false and misleading throughout the relevant period [1]. Group 2: Class Action Details - Shareholders who purchased shares of NPWR during the specified class period are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for June 17, 2025 [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by 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 or omissions [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 [4][6]. Group 1: Allegations and Financial Impact - 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 represented [6]. - The company now estimates Project Permian's total installed cost to be between $1.7 billion and $2.0 billion, up from a previous estimate of $1.1 billion, indicating a substantial increase in projected expenses [9]. - Following the announcement of delays and increased costs, NET Power's stock price fell by 18.54% to $10.85 per share on November 14, 2023, and by 31.46% to $4.75 per share on March 10, 2025 [8][9]. Group 2: Management Changes and Investor Actions - On April 15, 2025, NET Power announced the departure of its President and COO, as well as its CFO, which resulted in a further stock price decline of 5.75% to $2.13 per share [10]. - Investors who suffered losses during the specified period are encouraged to contact Faruqi & Faruqi to discuss their legal rights and options for participating in a federal securities class action [4][12].

NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against NET Power Inc. (“Net Power” or the “Company”) (NYSE: NPWR) for violations of the federal securities laws on behalf of investors who purchased or acquired Net Power common stock between June 9, 2023 and March 7, 2025, inclusive (the “Class Period”). On April 18, 2025, a complaint was filed against the Company and cer ...

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: Lawsuit Details - 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: Next Steps for Investors - Investors who suffered losses in NET Power, Inc. 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, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record, having secured hundreds of millions of dollars for shareholders over the past 20 years and is recognized as one of the top securities litigation firms in the United States [4].

Core Viewpoint - A class action lawsuit has been filed against NET Power, Inc. for alleged violations of federal securities laws during the class period from June 9, 2023, to March 7, 2025, involving misleading statements about the company's operations and financial projections [1][5]. Company Overview - NET Power is a clean energy technology company focused on its "Net Power Cycle" technology, which aims to generate reliable electricity from natural gas while capturing emissions [4]. - The company operates a Demonstration Facility to validate its technology and is working on a utility-scale plant known as "Project Permian" [4]. Project Permian Details - Initially, NET Power estimated the capital required for Project Permian at $950 million in 2023, which later increased to $1.1 billion in 2024 [4]. - Defendants had previously indicated that Project Permian would be operational by 2026 [4]. Allegations in the Lawsuit - The lawsuit claims that NET Power's executives made materially false statements regarding the feasibility and financial requirements of Project Permian, including underestimating the capital needed and the timeline for completion [5]. - Specific allegations include the likelihood of not completing Project Permian by 2026 and the substantial increase in capital requirements due to supply chain issues [5]. Impact of Revealed Information - On November 14, 2023, NET Power announced a delay in initial power generation to between the second half of 2027 and the first half of 2028, causing a stock price drop of $2.47 per share (18.54%) [6]. - On March 10, 2025, the company disclosed that the total installed cost for Project Permian is now estimated to be between $1.7 billion and $2.0 billion, with operations not expected to begin before 2029, leading to a further stock price decline of $2.18 per share (31.46%) [7].

NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in NET Power, Inc. ("NET Power, Inc." or the "Company") (NYSE: NPWR) of a class action securities lawsuit. CLASS DEFINITION: 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-laws ...

Core Viewpoint - A class action lawsuit has been filed against NET Power Inc. for alleged violations of securities laws, specifically related to misleading statements about Project Permian and its financial implications [1][4]. Group 1: Lawsuit Details - The lawsuit is based on allegations that NET Power made false and misleading statements regarding the completion timeline and budget of Project Permian, which were not grounded in reality [4]. - Investors who purchased NET Power securities between June 9, 2023, and March 7, 2025, are encouraged to participate in the lawsuit before the deadline of June 17, 2025 [2]. Group 2: Impact on Investors - The delays and cost overruns associated with Project Permian are expected to negatively impact the company's financial results and overall business performance [4]. - When the market became aware of the true situation regarding NET Power, investors reportedly suffered damages due to the misleading public statements made by the company [4].