New Fortress Energy(NFE) GlobeNewswire News Room·2024-11-14 18:02Core Viewpoint - A securities class action lawsuit has been filed against New Fortress Energy Inc. for allegedly misleading investors regarding its revenue outlook and the progress of its Fast LNG projects during the class period from December 12, 2022, to August 8, 2024 [1][3]. Group 1: Allegations Against New Fortress Energy - The lawsuit claims that New Fortress made false or misleading statements about its projected revenue and growth, while downplaying risks associated with its Fast LNG projects [3]. - Specifically, it is alleged that the Fast LNG 1 project was not on track to be operational by the publicly stated deadline of March 2024 [3]. Group 2: Legal Process for Investors - Investors in New Fortress have until November 18, 2024, to apply to be appointed as lead plaintiffs in the class action, representing the interests of all class members [4]. - The lead plaintiff will select legal counsel to represent the class, and participation as a lead plaintiff does not affect the ability to share in any recovery [4]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is the law firm handling the class action and has a reputation for recovering billions for victims of corporate misconduct [6]. - The firm encourages affected investors to reach out for more information regarding their potential claims [5].