Core Viewpoint - New Fortress Energy Inc. is facing a class action securities lawsuit due to alleged securities fraud that misled investors about the company's revenue outlook and growth projections [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for investors affected by alleged fraud between December 12, 2022, and August 8, 2024 [1]. - Defendants are accused of creating a false impression regarding the reliability of information about the company's projected revenue and growth while downplaying risks associated with its Fast Liquefied Natural Gas (LNG) projects [2]. - The Fast LNG projects failed to meet public statements, particularly the FLNG 1 project, which was expected to be operational by March 2024, leading to significant financial losses of approximately $150 million per quarter due to delays [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until November 18, 2024, to request appointment 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 [3]. Group 3: Firm Background - Levi & Korsinsky 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].
New Fortress Energy Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before November 18, 2024 to Discuss Your Rights – NFE