#USA #New York #Class Action #Securities Fraud #NET Power

Levi & Korsinsky Takes Action for NET Power, Inc. Shareholders

On May 27, 2025, the renowned law firm Levi & Korsinsky, LLP announced the initiation of a class action securities lawsuit on behalf of investors in NET Power, Inc. (NYSE: NPWR). The class action seeks to recover financial losses sustained by shareholders during a significant period, specifically between June 9, 2023, and March 7, 2025. Investors who faced adverse impacts due to the alleged securities fraud are advised to pay close attention to this development, as the lawsuit aims to hold the responsible parties accountable.

Understanding the Class Definition

The lawsuit classifies affected shareholders as those who invested in NET Power, Inc. and suffered losses attributed to actions or omissions made by the company and its executives during the specified timeframe. This legal action is particularly aimed at those who may feel misled or wronged due to the purported misrepresentation of the company's financial health and project timelines.

Key Allegations in the Case

According to the complaint filed by Levi & Korsinsky, several serious allegations have been levied against NET Power, Inc. The central issues include:

1. Project Delays and Misrepresentation: The firm claims that NET Power was unlikely to meet its schedule for completing its first utility-scale plant, known as Project Permian. Furthermore, the project was anticipated to exceed previously stated costs due to various challenges including supply chain disruptions.

2. Misleading Projections: Allegedly, the company provided unrealistic projections regarding the time and capital needed to finalize Project Permian. This misinformation could have severely impacted shareholders' expectations and financial outcomes.

3. Financial Consequences: The complaints highlight that the increased costs and extended timelines associated with Project Permian, due to supply chain difficulties among other site-specific issues, may have a substantial negative impact on NET Power's business operations and financial results.

4. False and Misleading Statements: The allegations state that all public statements made by the defendants concerning NET Power's financial status were materially false, leading to a significant misrepresentation of the company's actual standing and prospects.

Steps for Investors

Investors who believe they have sustained losses are urged to act quickly. If you were affected by these alleged actions, the deadline to formally request the court to appoint you as the lead plaintiff is June 17, 2025. However, it is important to note that potential recoveries do not require you to take on the role of lead plaintiff.

No Out-of-Pocket Costs

One of the key advantages of participating in this class action is that, as a member of the class, you may be entitled to compensation without incurring out-of-pocket expenses. Levi & Korsinsky assures that there is no financial burden or obligation for shareholders who decide to participate in this legal process.

Why Choose Levi & Korsinsky?

Levi & Korsinsky, LLP has established a strong reputation over the past two decades for successfully advocating for shareholders in complex securities litigation. With a dedicated team of over 70 professionals, the firm specializes in navigating high-stakes legal battles. They have a proven track record of recovering hundreds of millions of dollars for wronged investors. Furthermore, for seven consecutive years, the firm has been recognized as one of the top securities litigation firms in the United States, according to ISS Securities Class Action Services’ Top 50 Report.

Contact Information

For further inquiries or assistance regarding this class action, affected investors can reach out to Levi & Korsinsky's Joseph E. Levi, Esq. at the following contact details:
- Email: [email protected]
- Phone: (212) 363-7500

Firm Address:
Levi & Korsinsky, LLP
33 Whitehall Street, 17th Floor
New York, NY 10004

As this situation develops, NET Power, Inc. investors are encouraged to stay informed and consider their options for recovering potential losses resulting from this litigation.