Join the Class Action Against NET Power, Inc. Today
Important Notice for NET Power, Inc. Shareholders
The Gross Law Firm is reaching out to shareholders of NET Power, Inc. (NYSE: NPWR) with crucial information regarding a class action lawsuit. If you are a shareholder who purchased shares during the specified class period, your involvement is essential.
Class Period Details
The class action encompasses shares purchased from June 9, 2023, to March 7, 2025. It’s vital for affected shareholders to be aware of the situation and consider their options for participation.
Your Rights as a Shareholder
Shareholders are encouraged to contact the Gross Law Firm for potential lead plaintiff appointments. Keep in mind that becoming a lead plaintiff is not a prerequisite for participating in any recovery from this action.
Allegations Against NET Power
The allegations center around various misleading statements made by the defendants during the class period. Specifically, it is claimed that:
- NET Power may not be able to complete its utility-scale plant, Project Permian, on time.
- Project costs are expected to be much higher than initially disclosed due to multiple challenges, including supply chain issues.
- The unrealistic timelines given by the defendants may adversely affect the company's business and financial performance.
These issues reveal that public statements made by NET Power lacked accuracy, leading to shareholder concerns.
Deadline for Class Action Participation
Shareholders must act quickly, as the deadline to register for the class action is June 17, 2025. Register your information promptly to ensure your rights are protected.
Next Steps for Interested Shareholders
Once you register as a shareholder within the class period, you will receive updates through dedicated portfolio monitoring software. This ensures you stay informed throughout the legal proceedings.
Why Choose the Gross Law Firm?
The Gross Law Firm stands out as a nationally recognized class action law firm dedicated to safeguarding investors against deceit and fraudulent business practices. Their commitment revolves around advocating for investors who have suffered losses due to misleading actions by companies.
Contact Information
If you wish to reach out, here are the details:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903
Frequently Asked Questions
What is the class action about?
The class action addresses allegations that NET Power, Inc. provided misleading information regarding the completion of its Project Permian and its financial implications.
Who can participate in the class action?
Shareholders who purchased NPWR shares during the class period from June 9, 2023, to March 7, 2025, can participate in the class action.
What is the deadline to register?
The deadline for registration to the class action is June 17, 2025.
Do I need to be a lead plaintiff to join?
No, shareholders do not need to be appointed as lead plaintiffs to participate in recovering any losses.
What happens after I register?
Once registered, you’ll receive updates about the case and be monitored with a specialized portfolio management tool throughout the litigation process.
About The Author
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