Core Viewpoint - Rosen Law Firm is reminding investors who purchased NET Power Inc. securities between June 9, 2023, and March 7, 2025, of the upcoming lead plaintiff deadline on June 17, 2025, for a class action lawsuit related to misleading statements made by the company [1][2]. Group 1: Class Action Details - Investors who bought NET Power securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 17, 2025 [2]. Group 2: Allegations Against NET Power - The lawsuit alleges that NET Power made false and misleading statements regarding Project Permian, indicating that the project was unlikely to be completed on schedule and would be significantly more expensive due to supply chain issues and site-specific challenges [3]. - It is claimed that the projections regarding the time and capital needed for Project Permian were unrealistic, which could negatively impact NET Power's business and financial results [3]. - The lawsuit asserts that the public statements made by NET Power were materially false and misleading, leading to investor damages when the true details became known [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting their own achievements in this area [4]. - The firm has been recognized for securing significant settlements for investors, including over $438 million in 2019 alone, and has consistently ranked highly in securities class action settlements since 2013 [4].
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages NET Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NPWR, NPWR.WS