Kahn Swick & Foti, LLC Issues Alert to Net Power Shareholders Regarding Legal Action Deadline

Legal Alert for Net Power Shareholders



In a significant legal development, Kahn Swick & Foti, LLC (KSF), represented by former Louisiana Attorney General Charles C. Foti, Jr., is alerting investors regarding a class action lawsuit against Net Power Inc. (NYSE: NPWR). Investors who have incurred losses of over $100,000 and acquired shares between June 9, 2023, and March 7, 2025, are advised to consider their participation in this legal action. The filing deadline for lead plaintiff applications is set for June 17, 2025.

The Class Action Overview



The lawsuit, currently pending in the United States District Court for the Middle District of North Carolina, accuses Net Power and certain executives of failing to disclose critical financial information that materially affected the company's stock performance during the defined class period. The implications of these undisclosed factors could potentially result in significant recoverable damages for affected shareholders.

A pivotal moment occurred on March 10, 2025, when Net Power disclosed revised financial results for fiscal year 2024, including inflated costs related to Project Permian. The newly estimated costs ranged between $1.7 billion and $2.0 billion, compared to the earlier estimate of $1.1 billion. Additionally, delays were announced for Project Permian, which is now projected to commence operations in 2029 instead of the previously communicated timeline of late 2027 to early 2028. Following this announcement, the company's stock price dropped sharply, closing at $4.75, a decline of 31.46%.

Legal Rights and Next Steps for Investors



Investors who believe they have been impacted by these developments should reach out to Kahn Swick & Foti, LLC. Those seeking to file as lead plaintiffs in the class action suit have the opportunity to do so without any obligation or cost. Interested shareholders can connect with KSF Managing Partner Lewis Kahn at 1-877-515-1850 or via email at info@ksfcounsel.com. Detailed information about the lawsuit and next steps can also be found on the KSF website.

This case highlights the critical nature of transparency in financial reporting and the rights of investors to seek redress for potential losses resulting from corporate mismanagement or misconduct. Kahn Swick & Foti, LLC has a solid reputation as a leading boutique law firm specializing in securities litigation, further emphasized by their recent recognition among the top firms by SCAS, which lists them in the top 10 nationally for settlement value.

Conclusion



The approaching deadline of June 17, 2025, is crucial for affected shareholders of Net Power Inc. It's imperative for investors with substantial losses to take action and protect their legal rights. With Kahn Swick & Foti, LLC at the forefront of this class action, shareholders can gain valuable representation and potentially reclaim their investments lost due to alleged corporate negligence. As the legal proceedings unfold, stakeholders should remain vigilant and informed about their rights and options. Don't hesitate to explore your rights as we witness significant events that could shape the future for Net Power's investors.

Topics Financial Services & Investing)

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