Investigation announced for Long-Term Investors in shares of NET Power Inc. (NYSE: NPWR)

An investigation on behalf of current long-term investors in shares of NET Power Inc. (NYSE: NPWR) concerning potential breaches of fiduciary duties by certain directors and officers of NET Power Inc. was announced.

Investors who are current long term investors in NET Power Inc. (NYSE: NPWR) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: NPWR stocks follows a lawsuit filed against NET Power Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: NPWR stocks, concerns whether certain NET Power Inc officers and directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Middle District of North Carolina the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that Net Power was unlikely to complete Project Permian on schedule, and the project was likely to be significantly more expensive than Defendants had represented, because of, inter alia, supply chain issues and numerous site- and region-specific challenges, that accordingly, Defendants' projections regarding the time and capital needed to complete Project Permian were unrealistic, that the increased time and capital needed to complete Project Permian were likely to have a significant negative impact on the Company's business and financial results, and that as a result, Defendants' public statements were materially false and misleading at all relevant times.

Those who purchased shares of NET Power Inc. (NYSE: NPWR) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.