ROSEN, SKILLED INVESTOR COUNSEL, Encourages NET Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NPWR, NPWR.WS
netpowernetpower(US:NPWR) GlobeNewswire News Room·2025-04-23 19:11

Core Viewpoint - A class action lawsuit has been filed against NET Power Inc. for allegedly misleading investors regarding the completion and costs of Project Permian, which may significantly impact the company's financial results [1][4]. Group 1: Lawsuit Details - The class action lawsuit covers purchasers of NET Power securities from June 9, 2023, to March 7, 2025 [1]. - Allegations include that NET Power is unlikely to complete Project Permian on schedule and that the project will be more expensive than previously stated due to supply chain issues and site-specific challenges [4]. - The lawsuit claims that the defendants' public statements were materially false and misleading, leading to investor damages when the true details emerged [4]. Group 2: Investor Actions - Investors who purchased NET Power securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested investors can join the class action by submitting a form or contacting the law firm for more information [3][6]. - A lead plaintiff must be appointed by June 17, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm specializes in securities class actions and has a strong track record, including the largest securities class action settlement against a Chinese company at the time [5]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions for investors [5].