Prnewswireยท2025-06-09 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of NET Power, Inc. regarding a class action lawsuit due to allegations of misleading statements and failure to disclose critical information related to Project Permian [1]. Group 1: Allegations - The complaint alleges 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 [1]. - Defendants' projections regarding the time and capital needed to complete Project Permian were deemed unrealistic [1]. - The increased time and capital requirements for Project Permian are likely to negatively impact the company's business and financial results [1]. - Public statements made by the defendants were materially false and misleading throughout the relevant period [1]. Group 2: Class Action Details - The class period for the lawsuit is from June 9, 2023, to March 7, 2025 [1]. - Shareholders are encouraged to register for the class action by June 17, 2025, to potentially be appointed as lead plaintiffs [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].