#United States #New York #Class Action #Securities Fraud #NET Power Inc

Overview of the Class Action

NET Power, Inc. investors are notified by Levi & Korsinsky, LLP regarding an important class action lawsuit related to potential securities fraud. This legal claim is significant for all shareholders involved with NET Power, Inc., allocated under the stock symbol NPWR. The notice highlights that these proceedings primarily aim at compensating investors who faced detrimental impacts due to false statements made by the company's leadership between June 9, 2023, and March 7, 2025.

Allegations and Case Details

The lawsuit outlines multiple allegations against NET Power’s executives, which include serious assertions that:
1. The company was unlikely to meet the deadlines for the completion of its significant Project Permian utility-scale plant, with constructions projected to be delayed further and more costly than initially communicated due to various supply chain troubles and specific regional challenges.
2. Defendants are accused of having unrealistic expectations about the timelines and capital requirements needed for the successful launch of Project Permian, which could lead to severe repercussions on NET Power's overall financial health.
3. It is claimed that these misrepresentations misled investors, resulting in a materially false perception of the company’s standing and potential.

What Investors Must Do

For those who have been adversely affected, it’s crucial to understand the next steps. The deadline to request to be appointed as the lead plaintiff is set for June 17, 2025. Interested parties who have incurred losses in NET Power are encouraged to act swiftly and get in touch with Levi & Korsinsky for further guidance on the process. Please note that participating in this class action does not necessitate taking on the role of lead plaintiff to benefit from any recovery, which might occur as a result of the lawsuit.

No Cost Involved

Importantly, there are no upfront costs or obligations for class members. If you qualify, you might receive compensation without incurring any personal expenses. This aspect makes participation accessible to all affected investors, allowing them to assert their rights without the fear of financial burdens.

Experience of Levi & Korsinsky

Over the past two decades, Levi & Korsinsky, LLP, has established itself as a significant player in securing substantial settlements for investors in similar situations across the United States. Their seasoned team, composed of over 70 professionals, has a proven history in navigating complex securities litigation effectively. Notably, the firm has been recognized consistently in ISS Securities Class Action Services' Top 50 Report as a top-tier securities litigation firm.

Contact Information

Investors needing more details or assistance can reach out directly to Joseph E. Levi, Esq., via the following contact methods:

• - Email: [email protected]
• - Phone: (212) 363-7500

They are located at:
Levi & Korsinsky, LLP
33 Whitehall Street, 17th Floor
New York, NY 10004

Conclusion

This class action represents an essential avenue for investors impacted by the alleged misconduct of NET Power's management. As the deadline approaches, it becomes imperative for stakeholders to assess their situations, gather necessary documentation, and take appropriate action to safeguard their investments. Levi & Korsinsky’s established track record in securities litigation offers assurance that rightful claims will be pursued with diligence.

Stay informed and proactive in these developments to effectively navigate this ongoing situation with NET Power, Inc.