NET Power Investors Face Crucial Deadline in Securities Fraud Lawsuit Amid Project Permian Fallout

The ongoing securities fraud case against NET Power, Inc. (NYSE: NPWR) has placed investors at a pivotal crossroads. Shareholders who purchased the company’s stock between June 9, 2023, and March 7, 2025, now have a narrow window to secure their rights in a class action lawsuit. Led by the Schall Law Firm, the case alleges that the company misled investors about the viability of its flagship Project Permian—a utility-scale power plant—by downplaying delays, cost overruns, and operational challenges. With a June 17, 2025, deadline to seek appointment as lead plaintiff, the stakes are high for those who held NPWR shares during the class period.

The Project Permian Crisis: A Foundation of Alleged Misstatements

NET Power’s promise hinged on Project Permian, a $400 million plant in Texas designed to demonstrate a carbon-capture technology for natural gas power generation. The lawsuit argues that the company made “materially false and misleading statements” about the project’s progress, masking supply chain disruptions and site-specific engineering hurdles. These issues, plaintiffs claim, rendered the project’s timeline and budget projections unrealistic.

The legal complaint further asserts that the company failed to disclose how these delays would harm its financial health. By March 2025, when the truth about Project Permian’s struggles became public, the stock price had already begun a sharp decline, reflecting the erosion of investor confidence.

The Legal Landscape: Deadlines and Investor Obligations

The Schall Law Firm, specializing in securities litigation, has set a June 17, 2025, deadline for investors to seek lead plaintiff status. This role typically falls to the investor with the largest financial losses, who would oversee the litigation. Notably, participating in the case beyond this deadline incurs no obligation or cost, and recovery is still possible even without lead plaintiff involvement.

The lawsuit, filed under the Securities Exchange Act of 1934, seeks to recover losses for investors who were misled by the company’s public disclosures. However, the class has yet to be certified, meaning investors must proactively register with the firm to preserve their rights.

Market Impact and Investor Considerations

The case underscores the risks of investing in early-stage energy projects, particularly those reliant on unproven technologies. For NPWR shareholders, the stock’s trajectory during the class period offers a stark lesson. While the exact financial impact of Project Permian’s delays remains to be quantified, the lawsuit’s emphasis on undisclosed risks aligns with broader concerns about green tech valuations and transparency in capital markets.

The Schall Law Firm’s track record adds weight to the case. The firm has secured recoveries for investors in similar disputes, including a $138 million settlement in a 2022 securities fraud case involving a solar energy firm. Its focus on portfolio monitoring and litigation support tools positions affected investors to stay informed as the case progresses.

Conclusion: Act Now or Risk Losing Out

The June 17 deadline is non-negotiable for NPWR investors seeking a leadership role in this litigation. With Project Permian’s setbacks now public, the company’s future hinges on resolving these legal challenges while addressing its operational and financial credibility.

For shareholders, the decision is straightforward: act promptly to register losses with the Schall Law Firm. As of March 7, 2025, NPWR’s stock had lost approximately 40% of its value since June 2023—a decline likely tied to the unraveling of Project Permian’s promises. Given the firm’s success in past cases, the potential for recovery is significant, but only for those who meet the deadline.

Investors are reminded that securities fraud cases often take years to resolve, but early engagement is critical. With the clock ticking, the path forward is clear: preserve rights now, or risk forfeiting any chance to recover losses tied to this pivotal case.