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Kessler Topaz Meltzer & Check, LLP Reminds New Fortress Energy Inc. Investors of Important Deadline in Securities Fraud Class Action Lawsuit
NFENew Fortress Energy(NFE) GlobeNewswire News Room·2024-10-03 18:27

Core Viewpoint - A securities class action lawsuit has been filed against New Fortress Energy Inc. for allegedly making false statements and failing to disclose critical information regarding its projected revenue and growth during the Class Period from February 29, 2024, to August 8, 2024 [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased New Fortress securities during the specified Class Period [1]. - The lead plaintiff deadline for the lawsuit is set for November 18, 2024 [1][4]. - Allegations include that New Fortress misrepresented its revenue outlook and downplayed risks associated with its Fast LNG projects, specifically failing to meet the timeline for the Fast LNG 1 project, which was expected to be operational by March 2024 [3]. Group 2: Legal Process - Investors in New Fortress can seek to be appointed as lead plaintiffs by the deadline or choose to remain absent class members [4]. - The lead plaintiff will represent the interests of all class members and select legal counsel for the case [4]. Group 3: Law Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [5].