Net Power Inc. board members and top executives are responsible for the energy system developer’s failure to disclose a longer-than-anticipated timeline and increased costs for its pilot electricity generation plant, an investor says.
One of the insiders sold company stock for $1.9 million in total proceeds while its price was artificially inflated due to the misrepresentations, Bryan Mott says on behalf of the company. Mott filed his derivative complaint Thursday in the US District Court for the Middle District of North Carolina.
Net Power claims its novel technology captures nearly all atmospheric emissions associated with its electricity generation and can ...
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