{"success":true,"data":{"pressRelease":{"id":"30233","rtpr_id":"nGNX5VCDzF","ticker":"NUAI","exchange":"NASDAQ","all_tickers":["NUAI"],"title":"NUAI Investor Alert: New Era Energy & Digital Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After CEO Allegedly Orchestrated Fraudulent Scheme: Levi & Korsinsky","author":"Globe Newswire","published_at":"2026-05-11T20:00:01.064Z","article_body":"NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP alerts\ninvestors in New Era Energy & Digital, Inc. (NASDAQ: NUAI) of a pending\nsecurities class action. Class Period: November 6, 2024 through December 29,\n2025. Check if you can recover your investment losses\n(https://www.globenewswire.com/Tracker?data=YAVgDbu1zEp0rHsFhYE5KcfpsUHIRLfpT-iqkhnNj59ERnIv3id8jziJpG39zCXYyV_3Op3SEmXogeDdyHNggn-UHE5UNeDRktCiLiIXkPXvHgczqIWbJqvc2ZwiuRB5NcvyudIn3Q-k-9TS1sKwl_LYembIls3LyA2KUdBbZ0NJ4dkxohuoLIEuE0jMS5ObUN1kMN0FsIQNx3snbpl0-Q_8HySy3OpatAsCgoZWazU=)\nor contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com | (212) 363-7500.\n\nNUAI shares collapsed 41%, losing $1.87 per share, after Hunterbrook Media\nreported the New Mexico Attorney General had filed a lawsuit alleging a\nfraudulent oil-and-gas scheme orchestrated by the Company and its leadership.\nThe Court has set June 1, 2026 as the deadline to apply for lead plaintiff\nappointment.\n\nThe Alleged Pattern of Strategic Bankruptcies and Related-Party Dealings\n\nThe lawsuit asserts that New Era Energy's leadership employed a repeated\npattern of transferring oil and gas wells among related entities and then\nplacing liability-bearing companies into bankruptcy to avoid environmental\ncleanup costs. According to the action, 346 of the Company's 406 gas wells\nwere acquired from companies that went bankrupt operating those very same\nwells, including 87 wells from Remnant Oil, a private company that went\nbankrupt in 2019 after hundreds of regulatory violations.\n\nThe action claims Remnant's wells were acquired in bankruptcy by a related\nparty, Acacia Resources, and subsequently sold to Solis Partners, a wholly\nowned subsidiary of New Era Energy. This transfer allegedly allowed the most\nvaluable producing wells to flow into the Company while leaving Acacia holding\nthe bulk of plugging and remediation liabilities.\n\nInsider Enrichment Tactics in the Oil and Gas Sector\n\nAs alleged in the lawsuit, this case fits a broader pattern of insider\nenrichment at the expense of public shareholders and environmental compliance:\n* Of 406 gas wells, 346 were acquired from bankrupt predecessors operating the\nsame assets\n* Related-party loan conversions to equity allegedly diluted shareholder value\n* Consulting fees reportedly paid to entities owned by management and family\nmembers\n* Strategic bankruptcies allegedly used to shed environmental obligations\nwhile retaining productive assets\n* Revenue from hundreds of New Mexico wells was allegedly siphoned while\ncleanup obligations were abandoned\n* A third-party study deemed the Company's old gas wells \"uneconomic\"\nWhy Related-Party Transfer Adequacy Allegedly Matters to Investors\n\nThe New Mexico Attorney General's complaint alleges the defendants \"received\nsignificant revenue (possibly into the millions of dollars) that they knew\nwould otherwise be required to address\" plugging and remediation costs. As\npleaded in the securities action, the Company's SEC filings failed to disclose\nthe true nature of these related-party transfers and the looming environmental\nliabilities they were designed to evade.\n\nSpeak with an attorney about recovering damages\n(https://www.globenewswire.com/Tracker?data=hllHXXPrjePIAPKIuAQ9SalmRdyJ1IOhHrgBcENJWlbeBHtsedqkG93efGSxiEb-ZYJGsmTnB9fuZZRzL3D-tXRa6hcjYyEdE3DJE237PZwh_dqmd_sVUKS3sEzDSpCuX1Hnupv_zzmHBjxV_5ZEhy5E0lgculJdZtGiu3IeKdIo9ZcYMUu0CNqOxPmLy-h2RhNiK8Ubzq8rgNUcqYRNUwFLGcBNzTVYmwqocQmfT0Q=)\nor call (212) 363-7500.\n\n\"Investors deserve transparency about material risks that could affect their\ninvestments. When a company's leadership has a documented history of value\ndestruction through repeated bankruptcies and related-party dealings,\nshareholders are entitled to know those facts before committing capital.\" --\nJoseph E. Levi, Esq.\n\nWHY LEVI & KORSINSKY -- Ranked in ISS Securities Class Action Services' Top 50\nReport for seven consecutive years, Levi & Korsinsky, LLP is a nationally\nrecognized leader in shareholder rights litigation. With a team of over 70\nprofessionals, the firm has recovered hundreds of millions of dollars for\ninvestors.\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: How much did NUAI stock drop? A: Shares fell approximately 41%, a decline\nof $1.87 per share, after Hunterbrook Media reported the New Mexico Attorney\nGeneral's fraud lawsuit against the Company. Investors who purchased shares\nduring the class period at artificially inflated prices may be entitled to\ncompensation.\n\nQ: What do NUAI investors need to do right now? A: Gather brokerage records\nincluding purchase dates, share quantities, and prices paid. Contact Levi &\nKorsinsky for a free, no-obligation evaluation at jlevi@levikorsinsky.com or\n(212) 363-7500. No immediate action is required to remain eligible as a class\nmember.\n\nQ: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the\ninvestor appointed by the court to represent the entire class. Lead plaintiffs\nare typically investors with the largest documented losses. Being appointed\ndoes not increase individual recovery but gives direct oversight of how the\ncase 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 if I missed the lead plaintiff deadline? A: The deadline applies only\nto investors seeking lead plaintiff appointment. Class members who miss it can\nstill participate in any settlement or recovery.\n\nCONTACT:\n\nLevi & Korsinsky, LLP\n\nJoseph E. Levi, Esq.\n\nEd Korsinsky, Esq.\n\n33 Whitehall Street, 27th Floor\n\nNew York, NY 10004\n\njlevi@levikorsinsky.com\n\nTel: (212) 363-7500\n\nFax: (212) 363-7171\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/d91bd4e6-7d18-43f7-a479-4f992242a82a)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX5VCDzF","title":"NUAI Investor Alert: New Era Energy & Digital Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After CEO Allegedly Orchestrated Fraudulent Scheme: Levi & Korsinsky","author":"Globe Newswire","ticker":"NUAI","created":"2026-05-11T20:00:01.064Z","tickers":["NUAI"],"exchange":"NASDAQ","article_body":"NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP alerts\ninvestors in New Era Energy & Digital, Inc. (NASDAQ: NUAI) of a pending\nsecurities class action. Class Period: November 6, 2024 through December 29,\n2025. Check if you can recover your investment losses\n(https://www.globenewswire.com/Tracker?data=YAVgDbu1zEp0rHsFhYE5KcfpsUHIRLfpT-iqkhnNj59ERnIv3id8jziJpG39zCXYyV_3Op3SEmXogeDdyHNggn-UHE5UNeDRktCiLiIXkPXvHgczqIWbJqvc2ZwiuRB5NcvyudIn3Q-k-9TS1sKwl_LYembIls3LyA2KUdBbZ0NJ4dkxohuoLIEuE0jMS5ObUN1kMN0FsIQNx3snbpl0-Q_8HySy3OpatAsCgoZWazU=)\nor contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com | (212) 363-7500.\n\nNUAI shares collapsed 41%, losing $1.87 per share, after Hunterbrook Media\nreported the New Mexico Attorney General had filed a lawsuit alleging a\nfraudulent oil-and-gas scheme orchestrated by the Company and its leadership.\nThe Court has set June 1, 2026 as the deadline to apply for lead plaintiff\nappointment.\n\nThe Alleged Pattern of Strategic Bankruptcies and Related-Party Dealings\n\nThe lawsuit asserts that New Era Energy's leadership employed a repeated\npattern of transferring oil and gas wells among related entities and then\nplacing liability-bearing companies into bankruptcy to avoid environmental\ncleanup costs. According to the action, 346 of the Company's 406 gas wells\nwere acquired from companies that went bankrupt operating those very same\nwells, including 87 wells from Remnant Oil, a private company that went\nbankrupt in 2019 after hundreds of regulatory violations.\n\nThe action claims Remnant's wells were acquired in bankruptcy by a related\nparty, Acacia Resources, and subsequently sold to Solis Partners, a wholly\nowned subsidiary of New Era Energy. This transfer allegedly allowed the most\nvaluable producing wells to flow into the Company while leaving Acacia holding\nthe bulk of plugging and remediation liabilities.\n\nInsider Enrichment Tactics in the Oil and Gas Sector\n\nAs alleged in the lawsuit, this case fits a broader pattern of insider\nenrichment at the expense of public shareholders and environmental compliance:\n* Of 406 gas wells, 346 were acquired from bankrupt predecessors operating the\nsame assets\n* Related-party loan conversions to equity allegedly diluted shareholder value\n* Consulting fees reportedly paid to entities owned by management and family\nmembers\n* Strategic bankruptcies allegedly used to shed environmental obligations\nwhile retaining productive assets\n* Revenue from hundreds of New Mexico wells was allegedly siphoned while\ncleanup obligations were abandoned\n* A third-party study deemed the Company's old gas wells \"uneconomic\"\nWhy Related-Party Transfer Adequacy Allegedly Matters to Investors\n\nThe New Mexico Attorney General's complaint alleges the defendants \"received\nsignificant revenue (possibly into the millions of dollars) that they knew\nwould otherwise be required to address\" plugging and remediation costs. As\npleaded in the securities action, the Company's SEC filings failed to disclose\nthe true nature of these related-party transfers and the looming environmental\nliabilities they were designed to evade.\n\nSpeak with an attorney about recovering damages\n(https://www.globenewswire.com/Tracker?data=hllHXXPrjePIAPKIuAQ9SalmRdyJ1IOhHrgBcENJWlbeBHtsedqkG93efGSxiEb-ZYJGsmTnB9fuZZRzL3D-tXRa6hcjYyEdE3DJE237PZwh_dqmd_sVUKS3sEzDSpCuX1Hnupv_zzmHBjxV_5ZEhy5E0lgculJdZtGiu3IeKdIo9ZcYMUu0CNqOxPmLy-h2RhNiK8Ubzq8rgNUcqYRNUwFLGcBNzTVYmwqocQmfT0Q=)\nor call (212) 363-7500.\n\n\"Investors deserve transparency about material risks that could affect their\ninvestments. When a company's leadership has a documented history of value\ndestruction through repeated bankruptcies and related-party dealings,\nshareholders are entitled to know those facts before committing capital.\" --\nJoseph E. Levi, Esq.\n\nWHY LEVI & KORSINSKY -- Ranked in ISS Securities Class Action Services' Top 50\nReport for seven consecutive years, Levi & Korsinsky, LLP is a nationally\nrecognized leader in shareholder rights litigation. With a team of over 70\nprofessionals, the firm has recovered hundreds of millions of dollars for\ninvestors.\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: How much did NUAI stock drop? A: Shares fell approximately 41%, a decline\nof $1.87 per share, after Hunterbrook Media reported the New Mexico Attorney\nGeneral's fraud lawsuit against the Company. Investors who purchased shares\nduring the class period at artificially inflated prices may be entitled to\ncompensation.\n\nQ: What do NUAI investors need to do right now? A: Gather brokerage records\nincluding purchase dates, share quantities, and prices paid. Contact Levi &\nKorsinsky for a free, no-obligation evaluation at jlevi@levikorsinsky.com or\n(212) 363-7500. No immediate action is required to remain eligible as a class\nmember.\n\nQ: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the\ninvestor appointed by the court to represent the entire class. Lead plaintiffs\nare typically investors with the largest documented losses. Being appointed\ndoes not increase individual recovery but gives direct oversight of how the\ncase 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 if I missed the lead plaintiff deadline? A: The deadline applies only\nto investors seeking lead plaintiff appointment. Class members who miss it can\nstill participate in any settlement or recovery.\n\nCONTACT:\n\nLevi & Korsinsky, LLP\n\nJoseph E. Levi, Esq.\n\nEd Korsinsky, Esq.\n\n33 Whitehall Street, 27th Floor\n\nNew York, NY 10004\n\njlevi@levikorsinsky.com\n\nTel: (212) 363-7500\n\nFax: (212) 363-7171\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/d91bd4e6-7d18-43f7-a479-4f992242a82a)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-11T20:00:01.116956368Z","server_sent_at_ms":1778529601116},"received_at":"2026-05-11T20:00:01.309Z","source_url":null},"analysis":{"id":"22396","press_release_id":"30233","analysis_json":{"redFlags":[],"eventType":"legal_litigation","narrative":"Levi & Korsinsky, LLP issued a shareholder-solicitation notice for New Era Energy & Digital, Inc. (NASDAQ: NUAI) regarding a pending securities class action.\n\nThe lawsuit alleges a fraudulent scheme orchestrated by the company's leadership, including strategic bankruptcies and related-party dealings to avoid environmental cleanup costs.\n\nNUAI shares fell 41%, or $1.87 per share, after Hunterbrook Media reported the New Mexico Attorney General's lawsuit against the company.\n\nThe firm is encouraging investors who purchased NUAI stock between November 6, 2024 and December 29, 2025 and suffered financial losses to contact them for a free evaluation.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{},"quotedText":"Investors deserve transparency about material risks that could affect their investments. When a company's leadership has a documented history of value destruction through repeated bankruptcies and related-party dealings, shareholders are entitled to know those facts before committing capital.","namedEntities":{"people":[{"name":"Joseph E. Levi, Esq.","role":"attorney"},{"name":"Ed Korsinsky, Esq.","role":"attorney"}],"products":[],"companies":[{"name":"New Era Energy & Digital, Inc.","ticker":"NUAI"},{"name":"Levi & Korsinsky, LLP","relationship":"plaintiff law firm"},{"name":"Remnant Oil","relationship":"bankrupt predecessor"},{"name":"Acacia Resources","relationship":"related party"},{"name":"Solis Partners","relationship":"wholly owned subsidiary"}],"dollarAmounts":[{"amount":"$1.87","context":"decline in NUAI stock price"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm shareholder solicitation issued by Levi & Korsinsky. No new disclosure from the issuer; no certified class, no settlement. Boilerplate lead-plaintiff-deadline reminder."},"tickerRelevance":{"others":[],"primary":"NUAI"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Levi & Korsinsky, LLP issued a shareholder-solicitation notice for New Era Energy & Digital, Inc. (NASDAQ: NUAI) regarding a pending securities class action.\n\nThe lawsuit alleges a fraudulent scheme orchestrated by the company's leadership, including strategic bankruptcies and related-party dealings to avoid environmental cleanup costs.\n\nNUAI shares fell 41%, or $1.87 per share, after Hunterbrook Media reported the New Mexico Attorney General's lawsuit against the company.\n\nThe firm is encouraging investors who purchased NUAI stock between November 6, 2024 and December 29, 2025 and suffered financial losses to contact them for a free evaluation.","key_figures":{},"named_entities":{"people":[{"name":"Joseph E. Levi, Esq.","role":"attorney"},{"name":"Ed Korsinsky, Esq.","role":"attorney"}],"products":[],"companies":[{"name":"New Era Energy & Digital, Inc.","ticker":"NUAI"},{"name":"Levi & Korsinsky, LLP","relationship":"plaintiff law firm"},{"name":"Remnant Oil","relationship":"bankrupt predecessor"},{"name":"Acacia Resources","relationship":"related party"},{"name":"Solis Partners","relationship":"wholly owned subsidiary"}],"dollarAmounts":[{"amount":"$1.87","context":"decline in NUAI stock price"}]},"model_name":"Qwen/Qwen2.5-72B-Instruct-AWQ","prompt_hash":"sha256:a76fb3b19e8e8b7b","schema_hash":"sha256:8658c370b800cf3d","created_at":"2026-05-11T20:22:07.079Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":137176,"modelName":"george-droid-qwen-72b"}}