{"success":true,"data":{"pressRelease":{"id":"32470","rtpr_id":"nGNX1shWTG","ticker":"NUAI","exchange":"NASDAQ","all_tickers":["NUAI"],"title":"INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in New Era Energy & Digital, Inc. of Class Action Lawsuit and Upcoming Deadlines – NUAI","author":"Globe Newswire","published_at":"2026-05-12T20:45:51.101Z","article_body":"NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a\nclass action lawsuit has been filed against New Era Energy & Digital, Inc.\n(“New Era” or the “Company”) (NASDAQ: NUAI).   Such investors are\nadvised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980,\n(or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are\nencouraged to include their mailing address, telephone number, and the number\nof shares purchased. \n\nThe class action concerns whether New Era and certain of its officers and/or\ndirectors have engaged in securities fraud or other unlawful business\npractices. \n\nYou have until June 1, 2026, to ask the Court to appoint you as Lead Plaintiff\nfor the class if you purchased or otherwise acquired New Era securities during\nthe Class Period. A copy of the Complaint can be obtained at\nwww.pomerantzlaw.com.          \n\n[Click here for information about joining the class action]\n(https://www.globenewswire.com/Tracker?data=ftJT4AaQc2P3_a6YcCSiF5JFcZa8KGaI14fkPThehsOuUSssl7b3TvgB7fqxFUN8xpnlW_F9jqKCxMLQZ2Z_J2qfokhJmPiVIjgKAQCPOsS1yJkXbs7ZUTZ24dJ6loFTt53EHeU5JzMlr7-mjyvN0Woh5RG7_LT5Bhx_9tb2k5TcDOnkC3pPjr39I_RT86Q5)  \n\nOn December 12, 2025, Fuzzy Panda Research published a report (the “FP\nReport”) alleging, among other things, that “of NUAI’s 406 gas wells,\n346 were acquired from companies that went bankrupt operating the very same\nwells, including 87 wells from the company E. Will Gray II was CEO of and\nbankrupted himself, Remnant Oil.” The FP Report states this was in line with\nprior companies run by New Era Chief Executive Officer (“CEO”), Everett\nWillard Gray II (“Gray,” also known as “E. Will”) who “has a long\nhistory (~20 years) of incinerating value at oil & gas pink sheet companies”\nsome seemingly on purpose to effectuate his own financial benefit. For\nexample, the report details how “Gray was Co-Founder & CEO of Remnant Oil, a\nprivate co, which went bankrupt in 2019 after hundreds of ‘regulatory\nviolations’” but that Remnant’s wells were “acquired in bankruptcy by\na related party, Acacia Resources, and were then sold to Solis Partners, a\nsubsidiary of New Era Energy.” The FP Report states it “uncovered that\nGray’s playbook includes financial tricks to enrich insiders, like\nconverting related party loans to equity or paying fees to friends and\nfamily.” The FP Report further calls the Company’s pivot to fueling AI\ncompanies a “fantasy.” The FP Report alleges that, among other things,\nthat despite the Company “telling investors it’s made significant\nprogress” with its regulatory permitting, including the submission of air\nquality permits, “no applications have even been submitted.” The FP states\nthat according to “Texas, New Mexico and Federal government databases for\nthe construction and environmental permits that NUAI will need to start\nbuilding its data centers and power plants” the Company had not submitted\nany of its required permits, “not even an application.”\n\nOn this news, New Era’s stock price fell $0.25 per share, or 6.9%, to close\nat $3.35 per share on December 12, 2025.\n\nThen, on December 29, 2025, Hunterbrook Media reported that the New Mexico\nAttorney General filed a lawsuit against New Era Energy, its subsidiary Solis\nPartners, LLC, and Gray, among others (the “HBM Report”). The HBM Report\npublicized that New Mexico had recently filed a complaint alleging New Era\nEnergy, Gray, and a network of affiliated companies, had orchestrated a\n“fraudulent oil-and-gas scheme” to “siphon revenue from wells that\nproduce fossil fuels while abandoning environmental cleanup obligations.”\nThe HBM Report details how the complaint “alleges a broader pattern of\nfraudulent transfers, self-dealing, and false statements to regulators,\nincluding the use of shell entities and strategic bankruptcies to evade\nresponsibility.” On December 29, 2025, Hunterbrook Media reported that the\nNew Mexico Attorney General filed a lawsuit against New Era Energy, its\nsubsidiary Solis Partners, LLC, and Gray, among others, (the “HBM\nReport”).  The HBM Report publicized that New Mexico had recently filed a\ncomplaint alleging New Era Energy, Gray, and a network of affiliated\ncompanies, had orchestrated a “fraudulent oil-and-gas scheme” to “siphon\nrevenue from wells that produce fossil fuels while abandoning environmental\ncleanup obligations.” The HBM Report details how the complaint “alleges\na broader pattern of fraudulent transfers, self-dealing, and false statements\nto regulators, including the use of shell entities and strategic bankruptcies\nto evade responsibility.”\n\nOn this news, New Era’s stock price fell $1.87 per share, or 41.01%, to\nclose at $2.69 per share on December 29, 2025.\n\nPomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris,\nand Tel Aviv, is acknowledged as one of the premier firms in the areas of\ncorporate, securities, and antitrust class litigation. Founded by the late\nAbraham L. Pomerantz, known as the dean of the class action bar, Pomerantz\npioneered the field of securities class actions. Today, more than 85 years\nlater, Pomerantz continues in the tradition he established, fighting for the\nrights of the victims of securities fraud, breaches of fiduciary duty, and\ncorporate misconduct. The Firm has recovered numerous multimillion-dollar\ndamages awards on behalf of class members. See www.pomlaw.com. \n\nAttorney advertising.  Prior results do not guarantee similar\noutcomes.   \n\nCONTACT: \nDanielle Peyton \nPomerantz LLP \ndpeyton@pomlaw.com \n646-581-9980 ext. 7980 \n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX1shWTG","title":"INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in New Era Energy & Digital, Inc. of Class Action Lawsuit and Upcoming Deadlines – NUAI","author":"Globe Newswire","ticker":"NUAI","created":"2026-05-12T20:45:51.101Z","tickers":["NUAI"],"exchange":"NASDAQ","article_body":"NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a\nclass action lawsuit has been filed against New Era Energy & Digital, Inc.\n(“New Era” or the “Company”) (NASDAQ: NUAI).   Such investors are\nadvised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980,\n(or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are\nencouraged to include their mailing address, telephone number, and the number\nof shares purchased. \n\nThe class action concerns whether New Era and certain of its officers and/or\ndirectors have engaged in securities fraud or other unlawful business\npractices. \n\nYou have until June 1, 2026, to ask the Court to appoint you as Lead Plaintiff\nfor the class if you purchased or otherwise acquired New Era securities during\nthe Class Period. A copy of the Complaint can be obtained at\nwww.pomerantzlaw.com.          \n\n[Click here for information about joining the class action]\n(https://www.globenewswire.com/Tracker?data=ftJT4AaQc2P3_a6YcCSiF5JFcZa8KGaI14fkPThehsOuUSssl7b3TvgB7fqxFUN8xpnlW_F9jqKCxMLQZ2Z_J2qfokhJmPiVIjgKAQCPOsS1yJkXbs7ZUTZ24dJ6loFTt53EHeU5JzMlr7-mjyvN0Woh5RG7_LT5Bhx_9tb2k5TcDOnkC3pPjr39I_RT86Q5)  \n\nOn December 12, 2025, Fuzzy Panda Research published a report (the “FP\nReport”) alleging, among other things, that “of NUAI’s 406 gas wells,\n346 were acquired from companies that went bankrupt operating the very same\nwells, including 87 wells from the company E. Will Gray II was CEO of and\nbankrupted himself, Remnant Oil.” The FP Report states this was in line with\nprior companies run by New Era Chief Executive Officer (“CEO”), Everett\nWillard Gray II (“Gray,” also known as “E. Will”) who “has a long\nhistory (~20 years) of incinerating value at oil & gas pink sheet companies”\nsome seemingly on purpose to effectuate his own financial benefit. For\nexample, the report details how “Gray was Co-Founder & CEO of Remnant Oil, a\nprivate co, which went bankrupt in 2019 after hundreds of ‘regulatory\nviolations’” but that Remnant’s wells were “acquired in bankruptcy by\na related party, Acacia Resources, and were then sold to Solis Partners, a\nsubsidiary of New Era Energy.” The FP Report states it “uncovered that\nGray’s playbook includes financial tricks to enrich insiders, like\nconverting related party loans to equity or paying fees to friends and\nfamily.” The FP Report further calls the Company’s pivot to fueling AI\ncompanies a “fantasy.” The FP Report alleges that, among other things,\nthat despite the Company “telling investors it’s made significant\nprogress” with its regulatory permitting, including the submission of air\nquality permits, “no applications have even been submitted.” The FP states\nthat according to “Texas, New Mexico and Federal government databases for\nthe construction and environmental permits that NUAI will need to start\nbuilding its data centers and power plants” the Company had not submitted\nany of its required permits, “not even an application.”\n\nOn this news, New Era’s stock price fell $0.25 per share, or 6.9%, to close\nat $3.35 per share on December 12, 2025.\n\nThen, on December 29, 2025, Hunterbrook Media reported that the New Mexico\nAttorney General filed a lawsuit against New Era Energy, its subsidiary Solis\nPartners, LLC, and Gray, among others (the “HBM Report”). The HBM Report\npublicized that New Mexico had recently filed a complaint alleging New Era\nEnergy, Gray, and a network of affiliated companies, had orchestrated a\n“fraudulent oil-and-gas scheme” to “siphon revenue from wells that\nproduce fossil fuels while abandoning environmental cleanup obligations.”\nThe HBM Report details how the complaint “alleges a broader pattern of\nfraudulent transfers, self-dealing, and false statements to regulators,\nincluding the use of shell entities and strategic bankruptcies to evade\nresponsibility.” On December 29, 2025, Hunterbrook Media reported that the\nNew Mexico Attorney General filed a lawsuit against New Era Energy, its\nsubsidiary Solis Partners, LLC, and Gray, among others, (the “HBM\nReport”).  The HBM Report publicized that New Mexico had recently filed a\ncomplaint alleging New Era Energy, Gray, and a network of affiliated\ncompanies, had orchestrated a “fraudulent oil-and-gas scheme” to “siphon\nrevenue from wells that produce fossil fuels while abandoning environmental\ncleanup obligations.” The HBM Report details how the complaint “alleges\na broader pattern of fraudulent transfers, self-dealing, and false statements\nto regulators, including the use of shell entities and strategic bankruptcies\nto evade responsibility.”\n\nOn this news, New Era’s stock price fell $1.87 per share, or 41.01%, to\nclose at $2.69 per share on December 29, 2025.\n\nPomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris,\nand Tel Aviv, is acknowledged as one of the premier firms in the areas of\ncorporate, securities, and antitrust class litigation. Founded by the late\nAbraham L. Pomerantz, known as the dean of the class action bar, Pomerantz\npioneered the field of securities class actions. Today, more than 85 years\nlater, Pomerantz continues in the tradition he established, fighting for the\nrights of the victims of securities fraud, breaches of fiduciary duty, and\ncorporate misconduct. The Firm has recovered numerous multimillion-dollar\ndamages awards on behalf of class members. See www.pomlaw.com. \n\nAttorney advertising.  Prior results do not guarantee similar\noutcomes.   \n\nCONTACT: \nDanielle Peyton \nPomerantz LLP \ndpeyton@pomlaw.com \n646-581-9980 ext. 7980 \n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-12T20:45:51.144067213Z","server_sent_at_ms":1778618751144},"received_at":"2026-05-12T20:45:51.203Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}