New Fortress Energy Leaders Sued by Investor Over Facility Woes

New Fortress Energy Inc.‘s board and top executives are responsible for harm to the company due to misrepresentations about a liquefied natural gas facility, according to a derivative suit filed Wednesday.

The directors and officer concealed “significant impediments and falsely assured investors that construction was going as planned” with its floating LNG project off the coast of Altamira, Mexico, Alexander Smith says on behalf of the company.

He filed his complaint in the US District Court for the Southern District of New York.

The company didn’t produce LNG at Altamira “until nearly a year and a half after it ...