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ROSEN, NATIONALLY RECOGNIZED INVESTOR COUNSEL, Encourages NET Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NPWR, NPWR.WS
NETCloudflare(NET) GlobeNewswire News Room·2025-04-27 02:34

Core Viewpoint - A class action lawsuit has been filed against NET Power Inc. for allegedly misleading investors regarding the completion and costs of Project Permian, which may significantly impact the company's financial results [1][4]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of purchasers of NET Power securities between June 9, 2023, and March 7, 2025 [1]. - Allegations include that NET Power is unlikely to complete Project Permian on schedule and that the project will be more expensive than previously stated due to supply chain issues and site-specific challenges [4]. - The lawsuit claims that the defendants' public statements were materially false and misleading, leading to investor damages when the true details emerged [4]. Group 2: Investor Participation - Investors who purchased NET Power securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested investors can join the class action by submitting a form or contacting the law firm for more information [3][6]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 [5]. - The firm has been recognized for its success in securities class action settlements and has a history of representing investors globally [5].