Core Viewpoint - NET Power, Inc. is facing a class action securities lawsuit due to alleged securities fraud that affected investors between June 9, 2023, and March 7, 2025 [1][2]. Group 1: Allegations and Impact - The lawsuit claims 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 [2]. - Defendants' projections regarding the time and capital needed to complete Project Permian were deemed unrealistic, which could negatively impact the Company's business and financial results [2]. - Public statements made by the defendants were materially false and misleading throughout the relevant period [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 17, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
Investors who lost money on NET Power, Inc.(NPWR) should contact Levi & Korsinsky about pending Class Action - NPWR