{"success":true,"data":{"pressRelease":{"id":"25829","rtpr_id":"nPn1Vlb5Ya","ticker":"NUAI","exchange":"NASDAQ","all_tickers":["NUAI"],"title":"NUAI Lawsuit Alleges Company Allegedly Concealed Material Risks - New Era Energy & Digital Investors Face Losses Following Company Allegedly Concealed Material Risks: SueWallSt","author":"PR Newswire","published_at":"2026-05-07T13:00:18.299Z","article_body":"NUAI Lawsuit Alleges Company Allegedly Concealed Material Risks - New Era Energy & Digital Investors Face Losses Following Company Allegedly Concealed Material Risks: SueWallSt\n\nPR Newswire\n\nNEW YORK, May 7, 2026\n\nShareholders Who Acquired Shares in Business Combination Urged to Review\nOptions\n\nNEW YORK, May 7, 2026 /PRNewswire/ -- SueWallSt announces that a securities\nclass action has been filed against New Era Energy & Digital, Inc.\n(NASDAQ: NUAI).\n\n(https://mma.prnewswire.com/media/2937620/suewallst_logo_1_Logo.html)\n\nYOU MAY BE AFFECTED IF YOU:\n\n * Purchased New Era Energy stock between November 6, 2024 and December 29, 2025\n * Lost money on your New Era Energy investment\n * Acquired shares in or traceable to the Company's Business Combination with\nRoth CH Acquisition V Co.\nFind out if you qualify for recovery\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4682926-19&h=746652557&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fnew-era-energy-digital-inc-class-action-lawsuit-nuai%3Fprid%3D185308%26wire%3D4&a=Find+out+if+you+qualify+for+recovery)\n or contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com)  or (888) SueWallSt.\n\nShares of New Era Energy plummeted 41%, falling $1.87 per share to close at\n$2.69 on December 29, 2025, after reports revealed a fraudulent oil-and-gas\nscheme and the absence of any submitted permit applications for the Company's\nflagship data center project. Motions for lead plaintiff must be filed with\nthe Court by June 1, 2026.\n\nThe Alleged Registration Statement Misrepresentations\n\nSection 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5\nprohibit making untrue statements of material facts in connection with the\npurchase or sale of securities. On November 6, 2024, New Era Energy filed its\nproxy statement/prospectus on Form 424B3 soliciting stockholder approval of\nits Business Combination with Roth CH Acquisition V Co. The action contends\nthis filing contained materially misleading information about the Company's\nfinancial condition, asset retirement obligations, and business prospects.\n\nWhat the Registration Statement Allegedly Misrepresented\n\nAs pleaded in the complaint, the proxy statement/prospectus failed to disclose\ncritical adverse facts:\n\n●  The Company's reported progress on permitting and regulatory filings for\nthe Texas Critical Data Centers project was overstated, with no applications\neven submitted to the Texas Commission on Environmental Quality\n\n●  New Era Energy was allegedly involved in a scheme to siphon revenue from\nhundreds of New Mexico oil and gas wells while evading environmental cleanup\nobligations through related-party transfers and strategic bankruptcies\n\n●  The Company's asset retirement obligation accounting allegedly failed to\nreflect the true scope of plugging and remediation liabilities across its 406\ngas wells, 346 of which were acquired from bankrupt operators\n\n●  The Company's reported $5.8 million gain on sale of assets in 2023,\nincluding $3.4 million related to relief of asset retirement obligations, was\nallegedly part of a broader pattern of transferring liabilities away from\noperating entities\n\nIPO Due Diligence and Defendant Motivation\n\nPlaintiffs allege that the Business Combination gave the Company access to\npublic capital markets and a NASDAQ listing. The December 6, 2024 press\nrelease described the listing as \"a significant moment in our corporate\njourney, enhancing our public profile within the industry, and broadening our\nreach to institutional investors.\" The action claims this public listing was\npursued while material risks and an alleged fraudulent scheme were concealed\nfrom investors who relied on the proxy statement/prospectus to make investment\ndecisions.\n\nStart your claim now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4682926-19&h=3408213594&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fnew-era-energy-digital-inc-class-action-lawsuit-nuai%3Fprid%3D185308%26wire%3D4&a=Start+your+claim+now)\n or call (888) SueWallSt.\n\n\"The PSLRA provides important protections for investors harmed by alleged\nsecurities violations. When companies enter public markets through business\ncombinations, the disclosure documents must present an accurate picture of the\ncompany's operations, liabilities, and regulatory standing.\" -- Joseph E.\nLevi, Esq.\n\nWHY SUEWALLST -- Ranked in ISS Securities Class Action Services' Top 50 Report\nfor seven consecutive years, SueWallSt is a nationally recognized leader in\nshareholder rights litigation. With a team of over 70 professionals, the firm\nhas recovered hundreds of millions of dollars for investors. Motions for lead\nplaintiff must be filed with the Court by June 1, 2026.\n\nFrequently Asked Questions About the NUAI Lawsuit\n\nQ: Who is eligible to join the NUAI investor lawsuit? A: Investors who\npurchased NUAI stock or securities between November 6, 2024 and December 29,\n2025 and suffered financial losses may be eligible. Eligibility is based on\npurchase date and documented losses, not on whether you still hold the shares.\n\nQ: What specific misstatements does the NUAI lawsuit allege? A: The complaint\nalleges New Era Energy made materially false or misleading statements\nregarding its permitting progress for the Texas Critical Data Centers project,\nits involvement in an alleged fraudulent oil-and-gas scheme in New Mexico, and\nthe accuracy of its reported financial results and asset retirement\nobligations. When the true state was revealed, the stock price declined\nsharply.\n\nQ: What do NUAI investors need to do right now? A: Gather brokerage records\nincluding purchase dates, share quantities, and prices paid. Contact SueWallSt\nfor a free, no-obligation evaluation at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com)  or (888) SueWallSt. No immediate action is\nrequired to remain eligible as a class member.\n\nQ: What is a lead plaintiff and why does it matter? A: A lead plaintiff is\nthe investor appointed by the court to represent the entire class. Lead\nplaintiffs are typically investors with the largest documented losses. Being\nappointed does not increase individual recovery but gives direct oversight of\nhow the case is run.\n\nQ: What if I already sold my NUAI shares -- can I still recover losses? A:\nYes. Eligibility is based on when you purchased, not whether you still hold\nthem. Investors who bought during the class period and sold at a loss may\nstill participate.\n\nQ: What does it cost me to participate? A: Nothing. Securities class actions\nare handled on a pure contingency basis. No upfront fees, no retainer, no\nout-of-pocket costs.\n\nQ: What court was the NUAI class action filed in? A: The case was filed in\nthe United States District Court for the Western District of Texas, Midland /\nOdessa Division, governed by the Private Securities Litigation Reform Act of\n1995.\n\nCONTACT:\nSueWallSt\nJoseph E. Levi, Esq.\nEd Korsinsky, Esq.\n33 Whitehall Street, 27th Floor\nNew York, NY 10004\njlevi@SueWallSt.com\nTel: (888) SueWallSt\nFax: (212) 363-7171\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/nuai-lawsuit-alleges-company-allegedly-concealed-material-risks---new-era-energy--digital-investors-face-losses-following-company-allegedly-concealed-material-risks-suewallst-302765100.html\n(https://www.prnewswire.com/news-releases/nuai-lawsuit-alleges-company-allegedly-concealed-material-risks---new-era-energy--digital-investors-face-losses-following-company-allegedly-concealed-material-risks-suewallst-302765100.html)\n\nSOURCE SueWallSt.com\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2937620/suewallst_logo_1_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn1Vlb5Ya","title":"NUAI Lawsuit Alleges Company Allegedly Concealed Material Risks - New Era Energy & Digital Investors Face Losses Following Company Allegedly Concealed Material Risks: SueWallSt","author":"PR Newswire","ticker":"NUAI","created":"2026-05-07T13:00:18.299Z","tickers":["NUAI"],"exchange":"NASDAQ","article_body":"NUAI Lawsuit Alleges Company Allegedly Concealed Material Risks - New Era Energy & Digital Investors Face Losses Following Company Allegedly Concealed Material Risks: SueWallSt\n\nPR Newswire\n\nNEW YORK, May 7, 2026\n\nShareholders Who Acquired Shares in Business Combination Urged to Review\nOptions\n\nNEW YORK, May 7, 2026 /PRNewswire/ -- SueWallSt announces that a securities\nclass action has been filed against New Era Energy & Digital, Inc.\n(NASDAQ: NUAI).\n\n(https://mma.prnewswire.com/media/2937620/suewallst_logo_1_Logo.html)\n\nYOU MAY BE AFFECTED IF YOU:\n\n * Purchased New Era Energy stock between November 6, 2024 and December 29, 2025\n * Lost money on your New Era Energy investment\n * Acquired shares in or traceable to the Company's Business Combination with\nRoth CH Acquisition V Co.\nFind out if you qualify for recovery\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4682926-19&h=746652557&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fnew-era-energy-digital-inc-class-action-lawsuit-nuai%3Fprid%3D185308%26wire%3D4&a=Find+out+if+you+qualify+for+recovery)\n or contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com)  or (888) SueWallSt.\n\nShares of New Era Energy plummeted 41%, falling $1.87 per share to close at\n$2.69 on December 29, 2025, after reports revealed a fraudulent oil-and-gas\nscheme and the absence of any submitted permit applications for the Company's\nflagship data center project. Motions for lead plaintiff must be filed with\nthe Court by June 1, 2026.\n\nThe Alleged Registration Statement Misrepresentations\n\nSection 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5\nprohibit making untrue statements of material facts in connection with the\npurchase or sale of securities. On November 6, 2024, New Era Energy filed its\nproxy statement/prospectus on Form 424B3 soliciting stockholder approval of\nits Business Combination with Roth CH Acquisition V Co. The action contends\nthis filing contained materially misleading information about the Company's\nfinancial condition, asset retirement obligations, and business prospects.\n\nWhat the Registration Statement Allegedly Misrepresented\n\nAs pleaded in the complaint, the proxy statement/prospectus failed to disclose\ncritical adverse facts:\n\n●  The Company's reported progress on permitting and regulatory filings for\nthe Texas Critical Data Centers project was overstated, with no applications\neven submitted to the Texas Commission on Environmental Quality\n\n●  New Era Energy was allegedly involved in a scheme to siphon revenue from\nhundreds of New Mexico oil and gas wells while evading environmental cleanup\nobligations through related-party transfers and strategic bankruptcies\n\n●  The Company's asset retirement obligation accounting allegedly failed to\nreflect the true scope of plugging and remediation liabilities across its 406\ngas wells, 346 of which were acquired from bankrupt operators\n\n●  The Company's reported $5.8 million gain on sale of assets in 2023,\nincluding $3.4 million related to relief of asset retirement obligations, was\nallegedly part of a broader pattern of transferring liabilities away from\noperating entities\n\nIPO Due Diligence and Defendant Motivation\n\nPlaintiffs allege that the Business Combination gave the Company access to\npublic capital markets and a NASDAQ listing. The December 6, 2024 press\nrelease described the listing as \"a significant moment in our corporate\njourney, enhancing our public profile within the industry, and broadening our\nreach to institutional investors.\" The action claims this public listing was\npursued while material risks and an alleged fraudulent scheme were concealed\nfrom investors who relied on the proxy statement/prospectus to make investment\ndecisions.\n\nStart your claim now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4682926-19&h=3408213594&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fnew-era-energy-digital-inc-class-action-lawsuit-nuai%3Fprid%3D185308%26wire%3D4&a=Start+your+claim+now)\n or call (888) SueWallSt.\n\n\"The PSLRA provides important protections for investors harmed by alleged\nsecurities violations. When companies enter public markets through business\ncombinations, the disclosure documents must present an accurate picture of the\ncompany's operations, liabilities, and regulatory standing.\" -- Joseph E.\nLevi, Esq.\n\nWHY SUEWALLST -- Ranked in ISS Securities Class Action Services' Top 50 Report\nfor seven consecutive years, SueWallSt is a nationally recognized leader in\nshareholder rights litigation. With a team of over 70 professionals, the firm\nhas recovered hundreds of millions of dollars for investors. Motions for lead\nplaintiff must be filed with the Court by June 1, 2026.\n\nFrequently Asked Questions About the NUAI Lawsuit\n\nQ: Who is eligible to join the NUAI investor lawsuit? A: Investors who\npurchased NUAI stock or securities between November 6, 2024 and December 29,\n2025 and suffered financial losses may be eligible. Eligibility is based on\npurchase date and documented losses, not on whether you still hold the shares.\n\nQ: What specific misstatements does the NUAI lawsuit allege? A: The complaint\nalleges New Era Energy made materially false or misleading statements\nregarding its permitting progress for the Texas Critical Data Centers project,\nits involvement in an alleged fraudulent oil-and-gas scheme in New Mexico, and\nthe accuracy of its reported financial results and asset retirement\nobligations. When the true state was revealed, the stock price declined\nsharply.\n\nQ: What do NUAI investors need to do right now? A: Gather brokerage records\nincluding purchase dates, share quantities, and prices paid. Contact SueWallSt\nfor a free, no-obligation evaluation at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com)  or (888) SueWallSt. No immediate action is\nrequired to remain eligible as a class member.\n\nQ: What is a lead plaintiff and why does it matter? A: A lead plaintiff is\nthe investor appointed by the court to represent the entire class. Lead\nplaintiffs are typically investors with the largest documented losses. Being\nappointed does not increase individual recovery but gives direct oversight of\nhow the case is run.\n\nQ: What if I already sold my NUAI shares -- can I still recover losses? A:\nYes. Eligibility is based on when you purchased, not whether you still hold\nthem. Investors who bought during the class period and sold at a loss may\nstill participate.\n\nQ: What does it cost me to participate? A: Nothing. Securities class actions\nare handled on a pure contingency basis. No upfront fees, no retainer, no\nout-of-pocket costs.\n\nQ: What court was the NUAI class action filed in? A: The case was filed in\nthe United States District Court for the Western District of Texas, Midland /\nOdessa Division, governed by the Private Securities Litigation Reform Act of\n1995.\n\nCONTACT:\nSueWallSt\nJoseph E. Levi, Esq.\nEd Korsinsky, Esq.\n33 Whitehall Street, 27th Floor\nNew York, NY 10004\njlevi@SueWallSt.com\nTel: (888) SueWallSt\nFax: (212) 363-7171\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/nuai-lawsuit-alleges-company-allegedly-concealed-material-risks---new-era-energy--digital-investors-face-losses-following-company-allegedly-concealed-material-risks-suewallst-302765100.html\n(https://www.prnewswire.com/news-releases/nuai-lawsuit-alleges-company-allegedly-concealed-material-risks---new-era-energy--digital-investors-face-losses-following-company-allegedly-concealed-material-risks-suewallst-302765100.html)\n\nSOURCE SueWallSt.com\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2937620/suewallst_logo_1_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-07T13:00:18.336270821Z","server_sent_at_ms":1778158818336},"received_at":"2026-05-07T13:00:18.396Z","source_url":"https://www.prnewswire.com/news-releases/nuai-lawsuit-alleges-company-allegedly-concealed-material-risks---new-era-energy--digital-investors-face-losses-following-company-allegedly-concealed-material-risks-suewallst-302765100.html"},"analysis":{"id":"20208","press_release_id":"25829","analysis_json":{"industry":null,"redFlags":[],"eventType":"legal_litigation","narrative":"SueWallSt issued a shareholder-solicitation notice naming NUAI; no new disclosure from the company itself.\n\nThe release is a routine lead-plaintiff-deadline reminder soliciting investors with losses to contact the firm on a contingency basis.\n\nThis is law-firm marketing, not an issuer disclosure or a court action; treat as low-signal noise.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{},"quotedText":"When companies enter public markets through business combinations, the disclosure documents must present an accurate picture of the company's operations, liabilities, and regulatory standing.","namedEntities":{"people":[{"name":"Joseph E. 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