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NET Power Inc. (NPWR) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
netpowernetpower(US:NPWR) Prnewswireยท2025-04-30 16:00

Core Viewpoint - Investors in NET Power Inc. have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred as a result of misleading statements by the company's management regarding Project Permian [1][3]. Group 1: Lawsuit Details - The lawsuit alleges that from June 9, 2023, to March 7, 2025, NET Power's management failed to disclose critical information about Project Permian, including the likelihood of delays and increased costs due to supply chain issues and site-specific challenges [3]. - The complaint states that the projections made by the defendants regarding the time and capital required to complete Project Permian were unrealistic, which could significantly impact the company's business and financial results [3]. - It is claimed that the positive statements made by the defendants about the company's operations and prospects were materially misleading and lacked a reasonable basis during the relevant period [3]. Group 2: Participation Information - Investors who suffered losses in NET Power Inc. are encouraged to contact the Law Offices of Howard G. Smith before June 17, 2025, to participate in the ongoing class action lawsuit [2][4]. - Interested parties can reach out via email or phone to discuss their legal rights and options regarding the lawsuit [2][4].