NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP alerts investors in New Era Energy & Digital, Inc. (NASDAQ: NUAI) of a pending securities class action. Class Period: November 6, 2024 through December 29, 2025. Find out if you qualify to recover losses or contact Joseph E. Levi, Esq. at [email protected] | (212) 363-7500.

Two senior officers of New Era Energy are named as individual defendants in a securities class action filed in the United States District Court for the Western District of Texas. Shares lost 41%, or $1.87 per share, following corrective disclosures. To be considered for lead plaintiff, investors must file by June 1, 2026.

The Named Individual Defendants

The complaint identifies Everett Willard Gray II and Michael J. Rugen as individual defendants based on their roles controlling New Era Energy's public statements and SEC filings during the Class Period:

• Everett Willard Gray II served as Chairman and CEO throughout the Class Period and assumed the additional role of CFO on June 1, 2025, making him the sole executive officer signing both operational press releases and financial certifications during the latter half of the Class Period
• Michael J. Rugen served as CFO from November 2023 through May 31, 2025, during which time he was responsible for the Company's financial reporting, including asset retirement obligation disclosures in the FY24 10-K and Q1 2025 10-Q
• Both defendants possessed the power and authority to control the contents of...

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