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NET Power, Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm for More Information – NPWR
GlobeNewswire News Room·2025-04-28 16:47

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of NET Power, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information about the company's Project Permian [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from June 9, 2023, to March 7, 2025 [3]. - Allegations include that NET Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and that the project would be significantly more expensive than previously represented due to supply chain issues and site-specific challenges [3]. - The complaint asserts that the company's projections regarding the time and capital needed for Project Permian were unrealistic, which could negatively impact the company's business and financial results [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by June 17, 2025, to potentially be appointed as lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [5].