#United States #New York #Class Action #NET Power #LPW

Class Action Lawsuit Against NET Power, Inc.: Important Updates for Investors

Levi & Korsinsky, LLP, a recognized law firm specializing in shareholder rights, has officially notified investors of NET Power, Inc. (NYSE: NPWR) regarding a class action securities lawsuit. This legal action is particularly important for those who traded NET Power stock between June 9, 2023, and March 7, 2025. The lawsuit primarily aims to recover losses incurred by shareholders due to alleged securities fraud committed during this specified period.

What is the Lawsuit About?

The crux of the allegations within the lawsuit revolves around statements made by NET Power officials that are claimed to be misleading or false. Specifically, the lawsuit suggests that the company drastically misrepresented the timeline and financial requirements associated with its first utility-scale project named Project Permian. Investors reportedly faced losses due to:

1. Project Delays: Claims argue that NET Power is unlikely to finish the Project Permian on time, which could be a significant setback for the company.
2. Escalating Costs: Allegations suggest that costs associated with the project would be far higher than individuals were led to believe, primarily due to supply chain disruptions and challenges specific to the project’s location.
3. Impact on Business: Due to delays and increased costs, the company's overall financial health and operational capabilities may suffer, potentially leading to a substantial drop in stock value.

These alleged misrepresentations are argued to have resulted in significant financial losses for shareholders who relied on the false information disseminated by the company's executives.

Key Actions for Investors

For those affected, Levi & Korsinsky emphasizes the urgency of acting quickly. Shareholders who suffered losses during the class action period have until June 17, 2025, to formally request to be appointed as a lead plaintiff.

It's crucial to understand that participation in this class action does not necessitate serving as a lead plaintiff to potentially benefit from any recovery obtained through the lawsuit.

No Financial Burden to Shareholders

One of the advantages of joining these proceedings is that there are no up-front costs to the shareholders. If you qualify as a class member, the law firm declares that shareholders potentially could receive compensation without incurring any out-of-pocket fees.

Why Levi & Korsinsky?

Residents and individual investors may wonder why they should consider Levi & Korsinsky for this complex legal situation. The firm has amassed a notable history over the past two decades, securing upwards of hundreds of millions of dollars for aggrieved investors. Renowned for their expertise in handling intricate securities litigation matters, the firm has consistently ranked as one of the top securities litigation firms by ISS Securities Class Action Services, residing in their Top 50 Report for seven consecutive years.

Investors can reach out to Joseph E. Levi, Esq. via email at [contact email] or by telephone at (212) 363-7500 for further detail or to take action.

Conclusion

For investors in NET Power, Inc., this class action presents a significant opportunity to seek justice for potential losses incurred. Levi & Korsinsky remains committed to representing shareholders and ensuring their rights are upheld as this case unfolds. Interested parties should not delay and must act promptly to ensure their voice is heard in this critical legal matter.