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ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages New Fortress Energy Inc. Investors to Secure Counsel Before Important November 18 Deadline in Securities Class Action – NFE
TOPTOP Financial (TOP) GlobeNewswire News Room·2024-10-28 19:57

Group 1 - The Rosen Law Firm is reminding purchasers of New Fortress Energy Inc. securities of the lead plaintiff deadline on November 18, 2024, for a class action lawsuit [1] - 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 must move the Court to serve as lead plaintiff by the deadline [3] Group 2 - The lawsuit alleges that New Fortress misled investors by creating a false impression of reliable revenue projections and growth while downplaying risks associated with its Fast LNG projects [5] - New Fortress' Fast LNG projects failed to meet public statements regarding operational timelines, specifically the FLNG 1 project, which was expected to be operational by March 2024 [5] - The delays in the Fast LNG projects reportedly cost New Fortress upwards of 150millionperquarter,yetthecompanycontinuedtopromoteitsgrowthandfacilityconstruction[5]Group3TheRosenLawFirmemphasizestheimportanceofselectingqualifiedlegalcounselwithasuccessfultrackrecordinsecuritiesclassactions,highlightingitsownachievementsinthisarea[4]Thefirmhassecuredsignificantsettlementsforinvestors,includingover150 million per quarter, yet the company continued to promote its growth and facility construction [5] Group 3 - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4] - The firm has secured significant settlements for investors, including over 438 million in 2019 alone, and has been recognized for its performance in securities class action settlements [4]