NEW YORK--(BUSINESS WIRE)--Apr 2, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against New Era Energy & Digital, Inc. (“New Era” or the “Company”) (NASDAQ: NUAI) and reminds investors of the June 1, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company overstated its progress in its permitting and regulatory filings for its flagship Texas Critical Data Centers project; (2) the Company was involved in a fraudulent scheme “to pocket revenues from hundreds of oil and gas wells in New Mexico” by transferring wells among related entities and then placing liability-bearing companies into bankruptcy to avoid plugging and remediation costs; (3) that, as a result, the Company’s financial results were false and/or misleading; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On December 12, 2025, Investing.com published an article entitled "New Era Energy & Digital stock falls after Fuzzy Panda short report." The article stated that New Era Energy & Digital stock "tumbled" after "short seller Fuzzy Panda Research released a scathing report targeting the company." Further, the article stated that Fuzzy Panda's short report, "titled 'NUAI: Serial Penny Stock CEO Combined Bad Gas Assets, Paid Stock Promo, Renamed Co & Added 'AI',' alleges that the company spent 2.5 times more on stock promotions than on operating its oil and gas wells. Fuzzy Panda claims CEO E. Will Gray II has a history of running penny stock companies "into the ground" over approximately 20 years." On this news, New Era Energy & Digital's stock fell 6.9% on December 12, 2025.
Then, on December 29, 2025, media outlets reported that the New Mexico Attorney General had filed a lawsuit alleging that the Company, its CEO, and a network of affiliated companies orchestrated a fraudulent oil-and-gas scheme using shell companies to avoid environmental responsibilities such as plugging inactive wells. On this news, New Era’s stock price fell $1.87, or 41%, to close at $2.69 per share on December 29, 2025, thereby injuring investors further.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding New Era’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the New Era Energy & Digital class action, go to www.faruqilaw.com/NUAI or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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NUAI DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds New Era Energy & Digital (NUAI) Investors of Securities Class Action Deadline on June 1, 2026
NEW YORK (AP) — Stocks recovered most of their earlier losses as volatility returned to Wall Street after two days of solid gains.
The S&P 500 fell 0.1% after slumping as much as 1.5% in early trading Thursday. The Dow Jones Industrial Average shed 142 points, or 0.3% as of 2:06 p.m. Eastern. The Nasdaq composite fell 0.2%. Stocks in Europe and Asia finished lower.
Oil prices remained elevated although down from earlier highs. The price for a barrel of U.S. crude rose close to $114 a barrel at one point.
The unsettled trading follows a national address late Wednesday from President Donald Trump, where he vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East. Those comments appeared to dim the hopes for a near-term conclusion to the war that had pushed stocks higher through most of the week.
Major indexes are still on track to close out the week with gains and it will mark the S&P 500's first winning week since the war with Iran began. Thursday is the last day of trading on Wall Street this week with with the stock market closed on Good Friday.
Crude oil prices have been the main force behind the sharp swings for stocks globally. Shipping traffic has been severely curtailed in the Strait of Hormuz, where a fifth of the world’s traded oil passes through during peacetime.
The price of Brent crude, the international standard, jumped 7.6% to $108.84 per barrel. Benchmark U.S. crude rose 11.6% to $111.77 per barrel. Prices had been sliding back toward $100 per barrel prior to Trump’s address on Wednesday. The U.S. only relies on the Persian Gulf for a fraction of the oil it imports, but oil is a commodity and prices are set in a global market. A disruption anywhere affects prices everywhere.
Stocks have been broadly sliding since the war began, with indexes often rising and falling sharply along with statements from Trump about the direction of the war. Just on Monday, the S&P 500 briefly neared a 10% drop from its record, a steep-enough fall that professional investors have a name for it: a “correction. The index gained ground Tuesday and Wednesday on hope that the war could end soon.
“For markets, a prolonged conflict increases the risk of sustained pressures on inflation, global growth, interest rates, and equity valuations,” wrote Adam Turnquist, chief technical strategist for LPL Financial, in a note to investors.
Airlines and other travel-related companies were among the biggest losers on Thursday. United Airlines fell 3.3% and Carnival shed 4.3%.
Tesla fell 5.5% after a report showing that sales over the past three months fell short of analysts' expectations.
Several big technology stocks gained ground to help offset losses elsewhere in the market. Intel jumped 3.8% and Advanced Micro Devices rose 2.4%.
Treasury yields remained relatively steady in the bond market. The yield on the 10-year Treasury fell to to 4.31% from 4.32%.
Wall Street is worried that higher energy prices are adding to already stubbornly high inflation. Rising fuel prices take a bigger chunk out of consumers' wallets in several ways. Directly, gasoline prices in the U.S. have surged 36 percent from a month ago to average $4.08 per gallon, according to the auto club AAA.
Indirectly, rising fuel prices tend to make a wide range of services and goods more expensive. Flights become more expensive as airlines raise ticket prices to offset rising fuel costs. Consumer goods become more expensive as shipping and transportation costs rise.
Inflation has been stubbornly above the Federal Reserve's 2% target. The war and its corresponding surge in energy prices effectively pushes inflation higher and that has dashed hopes for the Fed to cut interest rates. Wall Street had hoped for the central bank to cut rates in order to help offset a weakening job market. Lower interest rates could help stimulate the economy by lowering borrowing costs, but they also risk worsening inflation.
Traders came into 2026 forecasting several cuts to the Fed's benchmark interest rate, which influences rates for mortgages and other loans. They are now expecting the benchmark rate to remain steady this year.
The war with Iran has overshadowed many of the other moving pieces within the economy that the Fed and Wall Street have been monitoring. It remains a mixed picture. Reports this week revealed that consumers remain confident and are still spending, though inflation remains a big concern. A report Thursday showed that mortgage rates continue climbing, posing an obstacle for prospective home buyers. Another update Friday will give a more detailed view of the job market.
Associated Press journalists Chan Ho-Him and Matt Ott contributed to this report.
Fishing boats dot the sea as cargo ships, in the background, sail through the Arabian Gulf toward the Strait of Hormuz off the United Arab Emirates, Friday, March 27, 2026. (AP Photo)
Perople walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, April 2, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
President Donald Trump speaks about the Iran war from the Cross Hall of the White House on Wednesday, April 1, 2026, in Washington. (Doug Mills/The New York Times via AP Pool)
Persons walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, April 2, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
