#USA #New York #Class Action #Levi Korsinsky #NET Power

Important Information for NET Power, Inc. Investors

In a significant legal development, Levi & Korsinsky, LLP has announced a class action lawsuit targeting NET Power, Inc. (NYSE: NPWR). The firm is actively seeking investors who might have suffered losses due to alleged securities fraud and gives them until June 17, 2025, to join the action.

Class Action Overview

The lawsuit is poised to represent those investors impacted by the company's actions between June 9, 2023, and March 7, 2025. Allegations include false information regarding the company’s capability to complete its crucial Project Permian utility-scale plant as scheduled. Investors have raised concerns that logistical challenges and increased project costs were not disclosed, which misled shareholders on the actual timeline and capital required.

Key Allegations

The complaint brought forth asserts several critical points:

• - Unrealistic Projections: Defendants misled investors regarding the Project Permian timeline, indicating it was on schedule while they were aware of significant challenges.
• - Financial Impact: Due to the mismanagement and unforeseen issues, the financial status of NET Power is likely to be adversely affected, which contradicts prior optimistic forecasts presented to investors.
• - False Representations: The public statements made by company officials failed to accurately reflect the situation, engaging in potential securities fraud.

What Investors Should Do

Investors who believe they were misled and suffered financial harm during this timeframe are encouraged to act promptly. They must reach out to Levi & Korsinsky, who specializes in securing representation for shareholders in securities litigation. Joining this class action does not require potential plaintiffs to pay out-of-pocket costs, which can be particularly beneficial for those hesitant to seek legal recourse due to financial concerns.

How to Participate

If you are interested in participating or seeking more information:

• - Visit Levi & Korsinsky's dedicated webpage for details on the lawsuit.
• - Reach out directly to Joseph E. Levi, Esq. via email at [email protected] or by calling (212) 363-7500.

Experience & Reputation

Levi & Korsinsky boasts a substantial track record, having recovered hundreds of millions for shareholders over the past two decades. The firm consistently ranks among the top in the securities litigation field according to ISS Securities Class Action Services, emphasizing their effectiveness and reliability.

Conclusion

The upcoming deadline of June 17, 2025, is critical for investors in NET Power, Inc. Those who were impacted are encouraged to seek counsel and explore their options. Staying informed and proactive can lead to a better outcome in this ongoing legal challenge. For those with lingering questions about the allegations or legal processes, reaching out to experts in securities law can provide clarity and guidance throughout this process.