#United States #Class Action #New Orleans #Kahn Swick #NET Power

Kahn Swick & Foti Notice to NET Power Investors

Overview
Kahn Swick & Foti, LLC, a leading law firm in securities litigation, has issued an important reminder to investors affected by NET Power Inc.'s recent security breaches. Investors who have experienced losses exceeding $100,000 should be aware of their rights as a class action lawsuit unfolds. The deadline for filing lead plaintiff applications is June 17, 2025.

Legal Context

In a class action case pending in the United States District Court for the Middle District of North Carolina, NET Power and its executives are accused of failing to disclose crucial information from June 9, 2023, to March 7, 2025. Investors who acquired the company's securities during this period may be eligible to participate in the legal proceedings.

The situation escalated when NET Power revealed on March 10, 2025 that the installation costs for their Project Permian have surged significantly from previous estimates, now ranging between $1.7 billion to $2.0 billion, with projections delaying the project's operational timeline to no earlier than 2029. Following this announcement, the company's stock plummeted 31.46%, closing at $4.75 per share.

What Affected Investors Should Do

Affected investors are urged to take action promptly. Interested parties can contact Kahn Swick & Foti's Managing Partner, Lewis Kahn, either by calling 1-877-515-1850 or via email at [email protected]. There is no obligation or cost involved for receiving more information on their potential legal rights regarding this lawsuit.

Class Action Specifics

The suit, titled Luciani v. Net Power Inc., et al., No. 25-cv-00296, emphasizes the firm's commitment to investors seeking recovery for losses attributed to corporate misconduct. Those wishing to act as lead plaintiffs must file their petitions with the court by the established deadline of June 17, 2025. Kahn Swick & Foti is ready to assist in this process and help navigate the complexities of the legal proceedings.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti is a renowned boutique law firm that specializes in securities litigation, representing both institutional and individual investors facing financial losses due to corporate fraud. Notably, the firm is recognized nationally for achieving substantial recoveries for its clients. With offices in cities across the nation, including New York, Louisiana, and California, KSF remains a go-to resource for investors seeking justice in financial matters.

For more information on Kahn Swick & Foti, LLC, please visit their official website: www.ksfcounsel.com.

Conclusion
As the legal landscape around NET Power continues to evolve, impacted investors must act swiftly by reaching out to Kahn Swick & Foti. By understanding their rights and options, investors can potentially recover losses and ensure accountability from the companies they invest in.