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Kessler Topaz Meltzer & Check, LLP Reminds NFE Investors of November 18, 2024 Deadline in Securities Fraud Class Action and Urges Investors with Losses to Contact the Firm
New Fortress EnergyNew Fortress Energy(US:NFE) GlobeNewswire News Roomยท2024-10-09 17:53

Core Viewpoint - A securities class action lawsuit has been filed against New Fortress Energy Inc. for allegedly misleading investors regarding its revenue outlook and project timelines [1][3]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of New York on behalf of investors who acquired New Fortress securities between February 29, 2024, and August 8, 2024 [1]. - The lead plaintiff deadline for the lawsuit is set for November 18, 2024 [1][4]. Group 2: Allegations Against New Fortress - The complaint alleges that New Fortress made false or misleading statements about its projected revenue and growth, particularly concerning its Fast LNG projects [3]. - Specifically, it is claimed that the Fast LNG 1 project was not on track to be operational by March 2024 as publicly stated [3]. Group 3: Lead Plaintiff Process - Investors can seek to be appointed as lead plaintiff representatives by the deadline of November 18, 2024, or choose to remain absent class members [4]. - The lead plaintiff will represent the interests of all class members and select counsel for the litigation [4]. Group 4: 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].