Shareholders of NET Power, Inc.: Opportunity for Class Action Participation

Investors Alert: Class Action Against NET Power, Inc. (NPWR)

In a significant legal development, shareholders of NET Power, Inc. (NYSE: NPWR) who have incurred financial losses are prompted to reach out to The Gross Law Firm regarding a pending class action lawsuit. This notice was disseminated by the firm on May 29, 2025, and provides essential details for affected investors.

Class Action Overview

Purchasers of NPWR shares during a specific class period, which spans from June 9, 2023, to March 7, 2025, are eligible to join this class action. The Gross Law Firm emphasizes that potential plaintiffs should not delay in registering to claim possible recovery. The deadline to register as a lead plaintiff is June 17, 2025, with participation in the case available to all affected shareholders regardless of lead plaintiff status.

Allegations Against NET Power

The lawsuit outlines numerous allegations against NET Power, indicating that the company likely misled shareholders with materially false claims. The specific accusations include:
1. Unclear Project Timelines: NET Power allegedly failed to appropriately communicate that its first utility-scale project, Project Permian, would not be completed on schedule.
2. Cost Overruns: It is asserted that the costs associated with Project Permian would significantly exceed earlier company projections, leading to unrealistic expectations among investors.
3. Impact on Financial Results: The delays and increased expenses are expected to have drastic negative effects on the company’s financial performance.
4. Misleading Public Statements: The claims state that NET Power's public assertions were consistently misleading, jeopardizing shareholder trust.

These allegations highlight the questionable business practices that may have inflated stock values artificially, leading to substantial losses among investors once the truth was revealed.

Importance of Participation

For shareholders who invested in NET Power during the relevant period, engaging with The Gross Law Firm presents a crucial opportunity to seek justice and possible financial recovery. The firm offers a portfolio monitoring service that will provide consistent updates on the case’s progression, allowing shareholders to stay informed.

Legal Representation

The Gross Law Firm is noted for its specialization in class action litigation, focusing on investor rights. The firm is committed to addressing deceptive practices that affect the financial well-being of shareholders and advocates for responsible corporate behavior. Their experience and advocacy can significantly aid investors in navigating the complex legal landscape surrounding class actions.

How to Register

Interested shareholders are encouraged to register through the provided link for more information on participation:
Register Here

Conclusion

As the deadline for lead plaintiff registration approaches, NPWR investors must act swiftly to ensure their voices are heard in this class action lawsuit. Joining this litigation not only allows investors to seek compensation but also promotes accountability in corporate governance practices.

For any inquiries or additional assistance, shareholders can contact The Gross Law Firm at:
Email: info@grosslawfirm.com
Phone: (646) 453-8903
Address: 15 West 38th Street, 12th floor, New York, NY, 10018.