New Fortress Energy Inc. USDC – Southern District of New York september 17, 2024 CLASS PERIOD: FEbruary 29, 2024 – august 8, 2024LEAD PLAINTIFF DEADLINE:november 18, 2024 Join Investigation Principle Contacts Pamela MayerPMayer@kaplanfox.comLaurence D. KingLKing@kaplanfox.com Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against New Fortress Energy Inc. (“New Fortress” or the “Company”) (NASDAQ: NFE) securities between February 29, 2024 and August 8, 2024 (the “Class Period”). CLICK HERE TO JOIN THE CASE If you are an investor in New Fortress and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003. DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than November 18, 2024 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. On August 9, 2024, New Fortress issued a press release announcing its financial results for the second quarter of 2024 disclosing “Adjusted EBITDA in the second quarter of $120 million, well below [its] expectation of $275 million.” The Company attributed the loss to “delays” in the launch of its FLNG (Floating Liquid Natural Gas) export facility off Mexico’s Altamira coast. Further, the press release states “the cost of delay is approximately $150 million per quarter in lost operating margin, which represents the vast majority of the Adjusted EBITDA shortfall for the quarter.” During the Company’s conference call, Chairman and CEO Wesley Edens, said “the miss was entirely a result of the delay in the deployment of our first FLNG 1 asset.” Following this news, the price of New Fortress stock fell $4.02 per share, over 23%, to close at $13 per share on August 9, 2024. The complaint alleges that the August 9, 2024 disclosures were in direct contrast to statements made during the Class Period that “touted the Company’s FLNG projects” and downplayed “extreme risks the Company faced with construction and commissioning delays.” WHY CONTACT KAPLAN FOX Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. If you have any questions about this Notice, your rights, or your interests, please contact: Pamela A. MayerKAPLAN FOX & KILSHEIMER LLP800 Third Avenue, 38th FloorNew York, New York 10022(646) 315-9003E-mail: pmayer@kaplanfox.com Laurence D. KingKAPLAN FOX & KILSHEIMER LLP1999 Harrison Street, Suite 1560Oakland, California 94612(415) 772-4704Fax: (415) 772-4707E-mail: lking@kaplanfox.com Connect with Kaplan Fox. Receive a complimentary case review now. Contact Us New Fortress Energy Inc. See the Case Aviat Networks, Inc. See the Case Franklin Resources, Inc. See the Case LegalZoom.com See the Case Napco Security Technologies, Inc. See the Case iLearningEngines, Inc. See the Case Grifols SA See the Case Western Asset Macro Opportunities Fund See the Case Customers Bancorp, Inc. See the Case Seritage Growth Properties See the Case Spire Global, Inc. See the Case Cardlytics, Inc. See the Case
