{"success":true,"data":{"pressRelease":{"id":"4888","rtpr_id":"nPn9j1m8Na","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 Company Allegedly Overstated Permitting Progress: Levi & Korsinsky","author":"PR Newswire","published_at":"2026-04-22T13:00:43.611Z","article_body":"NUAI Investor Alert: New Era Energy & Digital Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Company Allegedly Overstated Permitting Progress: Levi & Korsinsky\n\nPR Newswire\n\nNEW YORK, April 22, 2026\n\nImportant Notice Regarding Alleged Permitting and Regulatory Filing\nMisrepresentations\n\nNEW YORK, April 22, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP notifies\ninvestors in New Era Energy & Digital, Inc. (NASDAQ: NUAI) that a class\naction lawsuit has been filed on behalf of shareholders who purchased\nsecurities between November 6, 2024 and December 29, 2025. Find out if you\nqualify to recover losses\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669922-8&h=3257692365&u=https%3A%2F%2Fzlk.com%2Fpslra-1%2Fnew-era-energy-digital-inc-lawsuit-submission-form%3Fprid%3D185306%26wire%3D4&a=Find+out+if+you+qualify+to+recover+losses)\n. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com\n(mailto:jlevi@levikorsinsky.com)  or (212) 363-7500.\n\n(https://mma.prnewswire.com/media/2280334/Levi_and_Korsinsky_Logo.html)\n\nNew Era Energy shares collapsed 41%, falling $1.87 per share to close at\n$2.69, after reports revealed the Company had allegedly fabricated its\nprogress on critical permitting for its flagship data center project and was\nimplicated in a fraudulent oil-and-gas scheme. The lead plaintiff deadline is\nJune 1, 2026.\n\nThe Alleged Permitting Fabrication at the Heart of NUAI's AI Pivot\n\nNew Era Energy pitched investors on a bold transformation: pivoting from aging\nNew Mexico gas wells to building a massive AI-powered data center campus in\nWest Texas. The Company claimed it was \"making tangible progress across all\nfronts including engineering, permitting, regulatory filings, and land\nexpansion\" and \"highlighted significant progress on obtaining air permits.\" An\ninvestor presentation filed with the SEC in November 2025 labeled phase two\nregulatory permitting as \"underway.\"\n\nThe lawsuit contends these representations were materially false. According to\na December 2025 investigation by Fuzzy Panda Research, searches of Texas, New\nMexico, and Federal government databases turned up \"NOTHING\" in the way of\npermit applications, \"not even an application\" to the Texas Commission on\nEnvironmental Quality for the air quality permit the Company claimed was\nprogressing toward approval.\n\nHow the Alleged Oil-and-Gas Scheme Compounded Investor Harm\n\nBeyond the data center permitting issues, the action alleges New Era Energy\nwas involved in a scheme to siphon revenue from hundreds of oil and gas wells\nwhile evading environmental cleanup obligations. The complaint details how 346\nof the Company's 406 gas wells were acquired from bankrupt entities, including\n87 wells from a company previously led by the CEO that went bankrupt after\nhundreds of regulatory violations. Wells were allegedly transferred among\nrelated entities, with liability-bearing companies placed into strategic\nbankruptcy to avoid plugging and remediation costs.\n\nKey Permitting Fraud Allegations for Shareholders\n\n * The Company publicly claimed its Texas Critical Data Centers project was\npursuing a minor source air permit that \"can typically be approved within 90\ndays,\" but the lawsuit alleges no application was ever filed\n * An SEC investor presentation in November 2025 labeled regulatory permitting as\n\"underway\" for the flagship project despite an alleged absence of any filings\nin government databases\n * The Company touted capacity to \"scale TCDC to 1 gigawatt\" while allegedly\nlacking the foundational permits to begin construction\n * Fuzzy Panda Research reported that experts stated the Company was \"required to\nget an air permit\" given its planned behind-the-meter operations,\ncontradicting claims of streamlined approval\n * The New Mexico Attorney General subsequently filed a separate lawsuit alleging\na \"fraudulent oil-and-gas scheme\" involving the Company, its subsidiary, and\nits CEO\n\"This case presents important questions about permitting and regulatory\ndisclosure obligations in the energy and data center infrastructure sector.\nWhen a company publicly represents that it is making tangible progress on\ncritical government approvals, investors are entitled to rely on those\nstatements being grounded in fact.\" -- Joseph E. Levi, Esq.\n\nSubmit your information to join this case\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669922-8&h=258227007&u=https%3A%2F%2Fzlk.com%2Fpslra-1%2Fnew-era-energy-digital-inc-lawsuit-submission-form%3Fprid%3D185306%26wire%3D4&a=Submit+your+information+to+join+this+case)\n or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com\n(mailto:jlevi@levikorsinsky.com)  or (212) 363-7500.\n\nABOUT LEVI & KORSINSKY, LLP -- Over the past 20 years, Levi &\nKorsinsky has secured hundreds of millions of dollars for aggrieved\nshareholders. The firm has extensive expertise in complex securities\nlitigation and a team of over 70 employees. For seven consecutive years, Levi\n& Korsinsky has ranked in ISS Securities Class Action Services' Top 50\nReport. Applications to serve as lead plaintiff must be filed by June 1, 2026.\n\nFrequently Asked Questions About the NUAI Lawsuit\n\nQ: What is the NUAI class action lawsuit about? A: A securities class action\nhas been filed against New Era Energy & Digital, Inc. (NASDAQ: NUAI)\nalleging materially false and misleading statements between November 6, 2024\nand December 29, 2025. Shares fell approximately 41% after the truth was\nrevealed, causing significant losses for shareholders.\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 lawsuit alleging a fraudulent oil-and-gas scheme. An earlier\ncorrective disclosure on December 12, 2025 had already driven a 6.9% decline\nfollowing a Fuzzy Panda report calling NUAI's pivot to AI fueling a \"fantasy.\"\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\n& Korsinsky for a free, no-obligation evaluation at\njlevi@levikorsinsky.com (mailto:jlevi@levikorsinsky.com)  or (212) 363-7500.\nNo immediate action is required 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\nCONTACT:\nLevi & Korsinsky, LLP\nJoseph E. Levi, Esq.\nEd Korsinsky, Esq.\n33 Whitehall Street, 27th Floor\nNew York, NY 10004\njlevi@levikorsinsky.com (mailto:jlevi@levikorsinsky.com)\nTel: (212) 363-7500\nFax: (212) 363-7171\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/nuai-investor-alert-new-era-energy--digital-securities-fraud-lawsuit---investors-with-losses-may-seek-to-lead-the-class-action-after-company-allegedly-overstated-permitting-progress-levi--korsinsky-302749913.html\n(https://www.prnewswire.com/news-releases/nuai-investor-alert-new-era-energy--digital-securities-fraud-lawsuit---investors-with-losses-may-seek-to-lead-the-class-action-after-company-allegedly-overstated-permitting-progress-levi--korsinsky-302749913.html)\n\nSOURCE Levi & Korsinsky, LLP\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2280334/Levi_and_Korsinsky_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn9j1m8Na","title":"NUAI Investor Alert: New Era Energy & Digital Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Company Allegedly Overstated Permitting Progress: Levi & Korsinsky","author":"PR Newswire","ticker":"NUAI","created":"2026-04-22T13:00:43.611Z","tickers":["NUAI"],"exchange":"NASDAQ","article_body":"NUAI Investor Alert: New Era Energy & Digital Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Company Allegedly Overstated Permitting Progress: Levi & Korsinsky\n\nPR Newswire\n\nNEW YORK, April 22, 2026\n\nImportant Notice Regarding Alleged Permitting and Regulatory Filing\nMisrepresentations\n\nNEW YORK, April 22, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP notifies\ninvestors in New Era Energy & Digital, Inc. (NASDAQ: NUAI) that a class\naction lawsuit has been filed on behalf of shareholders who purchased\nsecurities between November 6, 2024 and December 29, 2025. Find out if you\nqualify to recover losses\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669922-8&h=3257692365&u=https%3A%2F%2Fzlk.com%2Fpslra-1%2Fnew-era-energy-digital-inc-lawsuit-submission-form%3Fprid%3D185306%26wire%3D4&a=Find+out+if+you+qualify+to+recover+losses)\n. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com\n(mailto:jlevi@levikorsinsky.com)  or (212) 363-7500.\n\n(https://mma.prnewswire.com/media/2280334/Levi_and_Korsinsky_Logo.html)\n\nNew Era Energy shares collapsed 41%, falling $1.87 per share to close at\n$2.69, after reports revealed the Company had allegedly fabricated its\nprogress on critical permitting for its flagship data center project and was\nimplicated in a fraudulent oil-and-gas scheme. The lead plaintiff deadline is\nJune 1, 2026.\n\nThe Alleged Permitting Fabrication at the Heart of NUAI's AI Pivot\n\nNew Era Energy pitched investors on a bold transformation: pivoting from aging\nNew Mexico gas wells to building a massive AI-powered data center campus in\nWest Texas. The Company claimed it was \"making tangible progress across all\nfronts including engineering, permitting, regulatory filings, and land\nexpansion\" and \"highlighted significant progress on obtaining air permits.\" An\ninvestor presentation filed with the SEC in November 2025 labeled phase two\nregulatory permitting as \"underway.\"\n\nThe lawsuit contends these representations were materially false. According to\na December 2025 investigation by Fuzzy Panda Research, searches of Texas, New\nMexico, and Federal government databases turned up \"NOTHING\" in the way of\npermit applications, \"not even an application\" to the Texas Commission on\nEnvironmental Quality for the air quality permit the Company claimed was\nprogressing toward approval.\n\nHow the Alleged Oil-and-Gas Scheme Compounded Investor Harm\n\nBeyond the data center permitting issues, the action alleges New Era Energy\nwas involved in a scheme to siphon revenue from hundreds of oil and gas wells\nwhile evading environmental cleanup obligations. The complaint details how 346\nof the Company's 406 gas wells were acquired from bankrupt entities, including\n87 wells from a company previously led by the CEO that went bankrupt after\nhundreds of regulatory violations. Wells were allegedly transferred among\nrelated entities, with liability-bearing companies placed into strategic\nbankruptcy to avoid plugging and remediation costs.\n\nKey Permitting Fraud Allegations for Shareholders\n\n * The Company publicly claimed its Texas Critical Data Centers project was\npursuing a minor source air permit that \"can typically be approved within 90\ndays,\" but the lawsuit alleges no application was ever filed\n * An SEC investor presentation in November 2025 labeled regulatory permitting as\n\"underway\" for the flagship project despite an alleged absence of any filings\nin government databases\n * The Company touted capacity to \"scale TCDC to 1 gigawatt\" while allegedly\nlacking the foundational permits to begin construction\n * Fuzzy Panda Research reported that experts stated the Company was \"required to\nget an air permit\" given its planned behind-the-meter operations,\ncontradicting claims of streamlined approval\n * The New Mexico Attorney General subsequently filed a separate lawsuit alleging\na \"fraudulent oil-and-gas scheme\" involving the Company, its subsidiary, and\nits CEO\n\"This case presents important questions about permitting and regulatory\ndisclosure obligations in the energy and data center infrastructure sector.\nWhen a company publicly represents that it is making tangible progress on\ncritical government approvals, investors are entitled to rely on those\nstatements being grounded in fact.\" -- Joseph E. Levi, Esq.\n\nSubmit your information to join this case\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669922-8&h=258227007&u=https%3A%2F%2Fzlk.com%2Fpslra-1%2Fnew-era-energy-digital-inc-lawsuit-submission-form%3Fprid%3D185306%26wire%3D4&a=Submit+your+information+to+join+this+case)\n or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com\n(mailto:jlevi@levikorsinsky.com)  or (212) 363-7500.\n\nABOUT LEVI & KORSINSKY, LLP -- Over the past 20 years, Levi &\nKorsinsky has secured hundreds of millions of dollars for aggrieved\nshareholders. The firm has extensive expertise in complex securities\nlitigation and a team of over 70 employees. For seven consecutive years, Levi\n& Korsinsky has ranked in ISS Securities Class Action Services' Top 50\nReport. Applications to serve as lead plaintiff must be filed by June 1, 2026.\n\nFrequently Asked Questions About the NUAI Lawsuit\n\nQ: What is the NUAI class action lawsuit about? A: A securities class action\nhas been filed against New Era Energy & Digital, Inc. (NASDAQ: NUAI)\nalleging materially false and misleading statements between November 6, 2024\nand December 29, 2025. Shares fell approximately 41% after the truth was\nrevealed, causing significant losses for shareholders.\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 lawsuit alleging a fraudulent oil-and-gas scheme. An earlier\ncorrective disclosure on December 12, 2025 had already driven a 6.9% decline\nfollowing a Fuzzy Panda report calling NUAI's pivot to AI fueling a \"fantasy.\"\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\n& Korsinsky for a free, no-obligation evaluation at\njlevi@levikorsinsky.com (mailto:jlevi@levikorsinsky.com)  or (212) 363-7500.\nNo immediate action is required 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\nCONTACT:\nLevi & Korsinsky, LLP\nJoseph E. Levi, Esq.\nEd Korsinsky, Esq.\n33 Whitehall Street, 27th Floor\nNew York, NY 10004\njlevi@levikorsinsky.com (mailto:jlevi@levikorsinsky.com)\nTel: (212) 363-7500\nFax: (212) 363-7171\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/nuai-investor-alert-new-era-energy--digital-securities-fraud-lawsuit---investors-with-losses-may-seek-to-lead-the-class-action-after-company-allegedly-overstated-permitting-progress-levi--korsinsky-302749913.html\n(https://www.prnewswire.com/news-releases/nuai-investor-alert-new-era-energy--digital-securities-fraud-lawsuit---investors-with-losses-may-seek-to-lead-the-class-action-after-company-allegedly-overstated-permitting-progress-levi--korsinsky-302749913.html)\n\nSOURCE Levi & Korsinsky, LLP\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2280334/Levi_and_Korsinsky_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-04-22T13:00:43.671984154Z","server_sent_at_ms":1776862843671},"received_at":"2026-04-22T13:00:43.724Z","source_url":null},"analysis":{"id":"3490","press_release_id":"4888","analysis_json":{"industry":{"label":"Energy","sector":"Energy"},"redFlags":["Alleged fabrication of permitting progress for flagship project","Alleged fraudulent oil-and-gas scheme involving hundreds of wells","CEO implicated in prior bankruptcy and regulatory violations","Stock collapsed 41% on news of fraud allegations","Separate lawsuit filed by New Mexico Attorney General"],"eventType":"legal_litigation","narrative":"A class action lawsuit has been filed against New Era Energy alleging the company fabricated progress on critical permits for its Texas data center project and participated in a fraudulent oil-and-gas scheme.\n\nShares collapsed 41% (losing $1.87) after reports revealed no permit applications were filed despite claims of 'significant progress' and 'tangible progress across all fronts.'\n\nThe complaint also alleges the company siphoned revenue from hundreds of wells while evading cleanup obligations, with the New Mexico Attorney General filing a separate suit.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Fraud allegations and permitting fabrication trigger 41% collapse in NUAI shares."},"keyFigures":{"customDimensions":{"class_period_end":"December 29, 2025","class_period_start":"November 6, 2024","number_of_wells_total":406,"share_decline_dollars":"$1.87","share_decline_percent":"41%","lead_plaintiff_deadline":"June 1, 2026","number_of_wells_acquired_bankrupt":346,"number_of_wells_from_ceo_prior_co":87}},"quotedText":"When a company publicly represents that it is making tangible progress on critical government approvals, investors are entitled to rely on those statements being grounded in fact.","namedEntities":{"people":[{"name":"Joseph E. Levi","role":"Esq. / Levi & Korsinsky"},{"name":"Ed Korsinsky","role":"Esq. / Levi & Korsinsky"}],"products":["Texas Critical Data Centers project","TCDC"],"companies":[{"name":"New Era Energy & Digital, Inc.","ticker":"NUAI"},{"name":"Levi & Korsinsky, LLP","relationship":"counsel for plaintiffs"},{"name":"Fuzzy Panda Research","relationship":"investigative firm"},{"name":"Texas Commission on Environmental Quality","relationship":"regulatory body"},{"name":"New Mexico Attorney General","relationship":"plaintiff in separate lawsuit"}],"dollarAmounts":[{"amount":"$1.87","context":"per share decline in stock price"},{"amount":"41%","context":"percentage collapse in share price"}]},"materialImpact":{"score":5,"reasoning":"Securities fraud class action alleging material misrepresentations (fabricated permitting progress) and an alleged fraudulent oil-and-gas scheme. The stock collapsed 41% following the revelations, and the CEO is implicated in previous bankruptcy violations."},"tickerRelevance":{"others":[],"primary":"NUAI"},"eventTypeSecondary":["regulatory"]},"event_type":"legal_litigation","event_type_secondary":["regulatory"],"sentiment":"bearish","material_impact_score":5,"narrative":"A class action lawsuit has been filed against New Era Energy alleging the company fabricated progress on critical permits for its Texas data center project and participated in a fraudulent oil-and-gas scheme.\n\nShares collapsed 41% (losing $1.87) after reports revealed no permit applications were filed despite claims of 'significant progress' and 'tangible progress across all fronts.'\n\nThe complaint also alleges the company siphoned revenue from hundreds of wells while evading cleanup obligations, with the New Mexico Attorney General filing a separate suit.","key_figures":{"customDimensions":{"class_period_end":"December 29, 2025","class_period_start":"November 6, 2024","number_of_wells_total":406,"share_decline_dollars":"$1.87","share_decline_percent":"41%","lead_plaintiff_deadline":"June 1, 2026","number_of_wells_acquired_bankrupt":346,"number_of_wells_from_ceo_prior_co":87}},"named_entities":{"people":[{"name":"Joseph E. Levi","role":"Esq. / Levi & Korsinsky"},{"name":"Ed Korsinsky","role":"Esq. / Levi & Korsinsky"}],"products":["Texas Critical Data Centers project","TCDC"],"companies":[{"name":"New Era Energy & Digital, Inc.","ticker":"NUAI"},{"name":"Levi & Korsinsky, LLP","relationship":"counsel for plaintiffs"},{"name":"Fuzzy Panda Research","relationship":"investigative firm"},{"name":"Texas Commission on Environmental Quality","relationship":"regulatory body"},{"name":"New Mexico Attorney General","relationship":"plaintiff in separate lawsuit"}],"dollarAmounts":[{"amount":"$1.87","context":"per share decline in stock price"},{"amount":"41%","context":"percentage collapse in share price"}]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-22T17:38:18.022Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:54.225Z"}},"durationMs":87145,"modelName":"glm-4.7"}}