| COMPANY |
New Fortress Energy Inc. |
| COURT |
United States District Court for the Southern District of New York |
| CASE NUMBER |
24-cv-07032 |
| JUDGE |
The Hon. John George Koeltl |
| CLASS PERIOD |
December 12, 2022 through August 8, 2024 |
| SECURITY TYPE |
Securities |
Case Background:
New Fortress is an American Liquefied Natural Gas (“LNG”) company that owns and operates natural gas and LNG infrastructure and an integrated fleet of ships and other logistics assets to deliver energy solutions to customers worldwide.
The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Defendants created the false impression that they possessed reliable information pertaining to New Fortress’ projected revenue outlook and anticipated growth while also minimizing risk regarding New Fortress’ plan to have its FLNG projects fully operational and increase business growth globally; and (2) New Fortress’ FLNG projects failed to meet New Fortress’ publicly stated progress, specifically that its FLNG 1 project would be in service by March 2024.
Current Status of Case:
On December 17, 2025, the Court appointed Lead Plaintiff. On February 18, 2025, Lead Plaintiff filed an Amended Complaint. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.