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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SOURCE Moore Law PLLC