Company Overview - New Era Energy & Digital, Inc. develops and operates digital infrastructure and integrated power assets [3] Allegations of Wrongdoing - On December 12, 2025, a report by Fuzzy Panda Research accused New Era of prioritizing stock promotion over its core oil and gas operations, leading to a stock price drop of $0.25 per share, or 6.9%, closing at $3.35 on December 13, 2025 [4] - On December 29, 2025, a lawsuit was filed by the State of New Mexico against New Era and its CEO, alleging fraudulent operations and shifting environmental cleanup costs to the state, resulting in a further stock price decline of $2.19 per share, or 48.03%, closing at $2.37 per share [5] Legal Investigation - Edelson Lechtzin LLP is investigating potential violations of federal securities laws involving New Era, stemming from allegations of misleading business information provided to investors [1]
INVESTIGATION ALERT: Edelson Lechtzin LLP Announces an Investigation into New Era Energy & Digital, Inc. (NASDAQ: NUAI) and Encourages Investors with Substantial Losses to Contact the Firm
Prnewswire·2026-01-09 01:20