On October 31, 2024, a securities fraud investigation was announced concerning New Fortress Energy Inc. on behalf of investors. The filed complaint alleges that the company created a false impression of reliable revenue outlook and anticipated growth.
The allegations claim that New Fortress Energy minimized the risks associated with its plan to have Fast Liquefied Natural Gas (FLNG) projects fully operational and to increase global business growth. Specifically, the FLNG 1 project reportedly failed to be in service by March 2024 as publicly stated.
The complaint further states that these delays were costing the company upwards of $150 million per quarter. Investors who purchased shares during the class period of February 29, 2024, to August 8, 2024, are encouraged to contact the law firm regarding possible lead plaintiff appointment.
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