New Fortress Energy Requests to Dismiss Class Action Filed by Investors
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Court: S.D. New York
Case: 1:24-cv-07032
New Fortress Energy has requested the court to dismiss the lawsuit filed by investors. The court will determine whether the case proceeds.
On August 9, 2024, New Fortress Energy disclosed delays in its Fast LNG 1 project, originally projected to be operational by March 2024. The company revealed that these delays cost $150 million per quarter in lost operating margin, significantly impacting its financial performance and revenue.
Following this, 
NFE dropped 23%.
Then, on September 17, 2024, shareholders filed a claim against New Fortress Energy.
We’re keeping track of all updates and will notify NFE investors about potential recovery.