Workflow
NFE DEADLINE: ROSEN, A TOP-RANKED LAW FIRM Encourages New Fortress Energy Inc. Investors to Secure Counsel Before Important November 18 Deadline in Securities Class Action – NFE
NFENew Fortress Energy(NFE) GlobeNewswire News Room·2024-11-17 01:05

Core Viewpoint - Rosen Law Firm is reminding investors who purchased New Fortress Energy Inc. securities between February 29, 2024, and August 8, 2024, of the upcoming lead plaintiff deadline on November 18, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - 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 November 18, 2024 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [4]. Group 2: Case Background - The lawsuit alleges that during the Class Period, New Fortress misled investors regarding its revenue outlook and growth potential while downplaying risks associated with its Fast Liquefied Natural Gas (LNG) projects [5]. - Specifically, the FLNG 1 project was not operational by the promised March 2024 date, leading to losses of approximately $150 million per quarter due to delays, despite continued public confidence from the defendants [5].