Core Viewpoint - A class action securities lawsuit has been filed against NET Power, Inc. due to alleged securities fraud affecting 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, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Contact Levi & Korsinsky by June 17, 2025 Deadline to Join Class Action Against NET Power, Inc. (NPWR)