INVESTOR ACTION NOTICE: Moore Law PLLC Encourages Investors in New Fortress Energy, Inc. to Contact Law Firm
NEW YORK, Sept. 30, 2024 /PRNewswire/ -- Moore Law, PLLC, a shareholder litigation law firm located on Wall Street, is investigating potential claims against:
- New Fortress Energy Inc. (NASDAQ:NFE)
Shareholders should email Fletcher@fmoorelaw.com
The investigation concerns created the false impression that the Company possessed reliable information pertaining to the Company's projected revenue outlook and anticipated growth while simultaneously minimizing the risk involved in New Fortress' plan to have its Fast Liquefied Natural Gas ("LNG") projects fully operational and to increase business growth globally. In reality, New Fortress' Fast LNG projects failed to fulfill the Company's public statements that its FLNG 1 project would be in service by March 2024. Even following the announcement that these delays were costing the Company upwards of $150 million per quarter, defendants continued to tout the speed at which New Fortress was building facilities. The Company misled investors by providing the public with materially flawed statements of confidence and growth projections that did not account for these variables.
On this news, the price of New Fortress stock fell more than 23%.
If you own New Fortress Energy Inc. (NASDAQ:NFE), please contact Fletcher Moore by email at fletcher@fmoorelaw.com or (212) 709-8245.
ABOUT MOORE LAW PLLC
Moore Law is a NYC plaintiff litigation law firm for investors. We hold officers and directors accountable for breaches of fiduciary duty, fraud, insider trading, wasteful spending, and other corporate malfeasance. There is no cost to you. Our investor cases are contingency only.
Fletcher Moore, Esq.
Moore Law, PLLC
fletcher@fmoorelaw.com
www.fmoorelaw.com
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