Class Action Lawsuit Filed Against NET Power, Inc. over Securities Violations

Investors who purchased NET Power's securities between June 9, 2023, and March 7, 2025, may have been misled about the company's ability to complete its Project Permian on time and on budget due to supply chain issues and site-specific problems. NET Power's financial projections for the project were allegedly based on unrealistic assumptions, and the company's financial results and business would suffer as a result of the delays and cost overruns associated with the project. The class action lawsuit aims to compensate shareholders who suffered losses as a result of these alleged misrepresentations.

Key Takeaways:

• The class action lawsuit against NET Power, Inc. alleges that the company made false and misleading statements regarding the feasibility of Project Permian, which led to investors purchasing the company's securities during the class period (June 9, 2023 to March 7, 2025).
• The complaint claims that NET Power's financial projections for the project were not based in reality, and that the company's financial results and business would be negatively impacted by the delays and cost overruns associated with Project Permian.
• Investors who purchased NET Power's securities during the class period may be eligible for compensation.
• DJS Law Group, a law firm specializing in securities class actions, corporate governance litigation, and domestic/international M&A appraisals, is representing the plaintiffs in this case.

Statistics:

• Class Period: June 9, 2023 to March 7, 2025
• Number of Securities Purchased by Investors: unknown
• Estimated Losses to Investors: unknown
• Deadline for Filing a Claim: June 17, 2025

Sources:

• "NET Power, Inc. Investor Alert: Robbins Geller Rudman & Dowd LLP Announces Class Action Suit Against NET Power, Inc." (Source: DJS Law Group LLP press release)
• Federal Securities Laws (Source: as cited in the complaint)