Pomerantz Law Firm Probes Potential Investor Fraud at New Era Energy & Digital, Inc.
On January 22, 2026, Pomerantz LLP announced an investigation into alleged securities fraud on behalf of investors in New Era Energy & Digital, Inc. (NASDAQ: NUAI). The inquiry appears to have been prompted by troubling reports regarding the company's business practices, particularly a significant drop in their stock price.
On December 12, 2025, Investing.com highlighted an article stating that New Era's stock experienced a notable decline after short seller Fuzzy Panda Research released a critical report. This report accused the company of disproportionate spending on stock promotions—allegedly 2.5 times more than what it allocated for the operation of its oil and gas ventures. Adding to the scrutiny, the report pointed out that New Era’s CEO, E. Will Gray II, has a controversial history of managing penny stock companies, claiming that he has repeatedly mismanaged them over two decades.
Consequently, New Era’s stock price dropped by $0.25, equating to a 6.9% decrease, closing at $3.35 on December 13, 2025. Following this disturbing news, investors faced further challenges. On December 29, 2025, Hunterbrook, another short-seller research firm, released an article detailing a lawsuit filed by the State of New Mexico against New Era and its CEO. This lawsuit accused the company of orchestrating a fraudulent oil and gas scheme, alleging that it had sought to divert revenue from operational wells while neglecting responsibility for environmental cleanup. The implications were severe, claiming the company left the state liable for the costs associated with plugging numerous oil wells.
The fallout from this news was significant: New Era's stock plummeted by an additional $2.19 per share, a dramatic 48.03% decline, resulting in a closing price of $2.37 by the end of that trading session.
Pomerantz LLP, recognized for its expertise in corporate and securities litigation, was founded by Abraham L. Pomerantz, often referred to as the 'dean of the class action bar'. The firm has a long-standing tradition of championing the rights of investors in cases of securities fraud, breaches of fiduciary duty, and corporate misconduct. Over the last 85 years, Pomerantz has secured numerous multi-million dollar damages awards for affected class members, affirming its status as a powerhouse in legal representation for investors.
For those who believe they may have been affected by these alleged infractions, Pomerantz is encouraging them to reach out. Danielle Peyton, a representative from the firm, is available for contact via email or phone. Investors are advised to stay informed about any developments regarding their cases and possible class action participation. For more about Pomerantz LLP and its efforts, please visit their official website. As always, potential investors should remain cautious and diligent when evaluating firms with complex and controversial histories like New Era Energy & Digital, Inc.
On December 12, 2025, Investing.com highlighted an article stating that New Era's stock experienced a notable decline after short seller Fuzzy Panda Research released a critical report. This report accused the company of disproportionate spending on stock promotions—allegedly 2.5 times more than what it allocated for the operation of its oil and gas ventures. Adding to the scrutiny, the report pointed out that New Era’s CEO, E. Will Gray II, has a controversial history of managing penny stock companies, claiming that he has repeatedly mismanaged them over two decades.
Consequently, New Era’s stock price dropped by $0.25, equating to a 6.9% decrease, closing at $3.35 on December 13, 2025. Following this disturbing news, investors faced further challenges. On December 29, 2025, Hunterbrook, another short-seller research firm, released an article detailing a lawsuit filed by the State of New Mexico against New Era and its CEO. This lawsuit accused the company of orchestrating a fraudulent oil and gas scheme, alleging that it had sought to divert revenue from operational wells while neglecting responsibility for environmental cleanup. The implications were severe, claiming the company left the state liable for the costs associated with plugging numerous oil wells.
The fallout from this news was significant: New Era's stock plummeted by an additional $2.19 per share, a dramatic 48.03% decline, resulting in a closing price of $2.37 by the end of that trading session.
Pomerantz LLP, recognized for its expertise in corporate and securities litigation, was founded by Abraham L. Pomerantz, often referred to as the 'dean of the class action bar'. The firm has a long-standing tradition of championing the rights of investors in cases of securities fraud, breaches of fiduciary duty, and corporate misconduct. Over the last 85 years, Pomerantz has secured numerous multi-million dollar damages awards for affected class members, affirming its status as a powerhouse in legal representation for investors.
For those who believe they may have been affected by these alleged infractions, Pomerantz is encouraging them to reach out. Danielle Peyton, a representative from the firm, is available for contact via email or phone. Investors are advised to stay informed about any developments regarding their cases and possible class action participation. For more about Pomerantz LLP and its efforts, please visit their official website. As always, potential investors should remain cautious and diligent when evaluating firms with complex and controversial histories like New Era Energy & Digital, Inc.
Topics Financial Services & Investing）
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