Alert: Levi & Korsinsky files securities fraud class action against NET Power, Inc.

Levi & Korsinsky, LLP announced that they have filed a class action lawsuit on behalf of shareholders of NET Power, Inc. The lawsuit alleges that the company made false and misleading statements regarding its business operations and prospects, causing shareholders to suffer financial losses. Shareholders who purchased NET Power securities between February 2024 and February 2025 are encouraged to join the lawsuit and meet the upcoming June 17, 2025 deadline.

The lawsuit claims that NET Power failed to disclose key information to investors, including the fact that the company’s flagship power plant in Texas was experiencing significant operational issues. These issues reportedly led to delays in the plant’s commercial operations, ultimately impacting the company’s financial performance. Despite these challenges, NET Power allegedly continued to portray a rosy picture of its business prospects, leading investors to believe that the company was on track for success.

As a result of these alleged misrepresentations, NET Power’s stock price fell sharply when the truth about the company’s operational difficulties came to light. Shareholders who had invested in the company based on the misleading information suffered significant financial losses as a result. The lawsuit seeks to hold NET Power and its executives accountable for their actions and recover damages on behalf of shareholders who were harmed.

Investors who purchased NET Power securities during the specified period are urged to contact Levi & Korsinsky to learn more about their legal rights and options. By joining the class action lawsuit, shareholders can seek to recover their losses and potentially hold the company accountable for its alleged misconduct. The deadline to join the lawsuit is June 17, 2025, so affected investors are encouraged to act promptly to protect their interests.

Levi & Korsinsky, LLP is a leading securities litigation firm that specializes in representing investors in class action lawsuits against companies that engage in securities fraud. The firm has a track record of success in holding corporations accountable for their actions and obtaining meaningful financial recoveries for shareholders who have been harmed by deceptive business practices. Shareholders who believe they have been affected by NET Power’s alleged misconduct are urged to contact Levi & Korsinsky for a confidential consultation to discuss their legal options.