Next Bridge Hydrocarbons, Inc.
Case Overview
Lead Plaintiff Deadline is TODAY
Lead Plaintiff Deadline: | Lead Plaintiff Deadline: 05/14/2024 |
Status: | Status: Investigating |
Company Name: | Company Name: Next Bridge Hydrocarbons, Inc. |
Court: | Court: Eastern District of New York |
Case Number: | Case Number: 1:24cv01927 |
Class Period: | Class Period: 12/14/2022 - 03/15/2024 |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of those who acquired Next Bridge Hydrocarbons, Inc. (“NBH” or the “Company”) in connection with the Company’s spin-off from Meta Materials, Inc. on or around December 14, 2022. Investors have until May 14, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that NBH filed a registration statement in connection with its spin-off from Meta Materials that contained false and/or materially misleading statements. The statements at issue concern the value of the Company’s oil and gas assets and NBH’s transactions with related parties. The complaint alleges that these false and/or materially misleading statements violated the Securities Act of 1933 and, consequently, damaged shareholders who received NBH shares in conjunction with the spin-off.
The lawsuit alleges that NBH filed a registration statement in connection with its spin-off from Meta Materials that contained false and/or materially misleading statements. The statements at issue concern the value of the Company’s oil and gas assets and NBH’s transactions with related parties. The complaint alleges that these false and/or materially misleading statements violated the Securities Act of 1933 and, consequently, damaged shareholders who received NBH shares in conjunction with the spin-off.