#United States #New York #Class Action #Gross Law Firm #NET Power

Important Class Action Reminder for NET Power, Inc. Investors Regarding Allegations of Misleading Statements

Class Action Alert for NET Power, Inc. Investors

Attention shareholders of NET Power, Inc. (NYSE: NPWR): A significant class action lawsuit has been initiated against the company. The Gross Law Firm is reminding all investors who acquired shares during the designated class period that the deadline to apply as lead plaintiff is fast approaching, set for June 17, 2025.

Background of the Case

The allegations stated within the complaint highlight that during the class period—from June 9, 2023, to March 7, 2025—NET Power, Inc. made multiple statements that were materially false and misleading. These misrepresentations and omissions pertained to the company's ambitious Project Permian, a utility-scale facility. Amid supply chain issues and region-specific challenges, it has been argued that the company is unlikely to complete the project on time or within the projected budget.

1. Delays in Construction: The defendants are accused of downplaying the likelihood of Project Permian's timely completion, asserting that the facility would require more time and resources than previously disclosed.
2. Financial Implications: Concerns have been raised about the negative impact that cost overruns and delays will have on the company's overall business health and financial results.
3. Public Statements: Given the ongoing situation, claims suggest that NET Power's public statements regarding the status of Project Permian were misrepresentative and misleading at all relevant times.

Next Steps for Shareholders

If you purchased shares of NET Power, you are encouraged to register for this class action immediately. Registering allows you to monitor your portfolio's progress throughout the case's lifecycle. There is no cost to participate, and you are not required to act as a lead plaintiff to join the case. To register, you'll need to provide your shareholder information via the link provided by the law firm, allowing you to be integrated into the monitoring system seamlessly.

- Deadline for Lead Plaintiff Application: June 17, 2025
- Registration Link: Register Here

Why Choose The Gross Law Firm?

The Gross Law Firm has established itself as a reputable national class action law firm, dedicated to safeguarding the rights of investors who may have been impacted by fraudulent and deceitful corporate practices. Their mission revolves around exposing and correcting misleading behavior, ensuring companies uphold ethical standards in their operations. Leadership in navigating complex class action cases makes the firm a top choice for those seeking legal assistance.

Conclusion

For any shareholders of NET Power, Inc., this is a critical moment. If you believe you have been affected by the allegedly misleading statements made by the company, taking action before the June 17 deadline could potentially be beneficial. Don't wait to secure your right to participate in this important class action lawsuit. The Gross Law Firm stands ready to assist you in this matter.

For more details, interested investors can reach out via the Gross Law Firm’s contact details provided below: