Venture Global, Inc. Shareholders Reminded of Class Action Lawsuit with Imminent Deadline

Overview of the Class Action Lawsuit Against Venture Global, Inc.

The Gross Law Firm has issued a crucial notice for shareholders of Venture Global, Inc. (NYSE: VG), reminding them of an ongoing class action lawsuit that brings attention to significant issues regarding the company's initial public offering (IPO) and subsequent misrepresentation claims. This notice serves to elucidate the circumstances surrounding the lawsuit, the complaints filed, and the steps shareholders must take if they wish to participate.

Class Action Details

The class action lawsuit pertains to all shareholders who acquired shares of Venture Global during the designated class period that corresponds with the company’s IPO, which took place on January 24, 2025. Investors who made purchases under this timeframe are encouraged to reach out to the Gross Law Firm for potential lead plaintiff roles. However, it is important to note that involvement as a lead plaintiff is not a prerequisite for participating in any recovery from the lawsuit.

Allegations

According to the allegations laid out in the lawsuit, Venture Global executed its IPO on January 27, 2025, successfully selling 70 million shares at a price of $24.00 each. However, the company faced immediate scrutiny when a notable customer, TotalEnergies, declined to engage in a long-term supply contract, citing a lack of trust in Venture's reliability. The comments from TotalEnergies’ CEO underscored the seriousness of the situation, as he turned down Venture's proposal for a liquefied natural gas supply contract tied to the Calcasieu Pass terminal in Louisiana, explicitly stating, "because of what they are doing."

In addition to TotalEnergies, Venture Global is currently embroiled in legal disputes with major clients such as BP and Shell, which have raised alarms due to delays in their supply contracts, further complicating the firm’s ongoing projects. The crux of the complaint argues that the company's assurance regarding its capability to deliver liquefied natural gas (LNG) and advance its various gas liquification initiatives was misleading at the time of the IPO. This misrepresentation led to artificially inflated stock prices, leaving unsuspecting investors vulnerable.

Important Registration Details

The deadline for shareholders to register for this class action and potentially be considered for a lead plaintiff role is April 18, 2025. It is highly recommended that affected shareholders act promptly to secure their position within the lawsuit. By registering, investors will gain access to a portfolio monitoring platform, enabling them to receive consistent updates regarding the lawsuit's status throughout its progression.

Next Steps for Investors

If you are a shareholder who purchased shares of Venture Global during the specified timeframe, now is the time to register your information with the Gross Law Firm. Participation in this case carries no costs or obligations, allowing shareholders to safeguard their rights without additional financial burdens. The firm prides itself on protecting the interests of investors who have experienced losses due to deceptive business practices.

Why Choose Gross Law Firm?

The Gross Law Firm is a prominent national class action law firm dedicated to safeguarding the rights and interests of investors. Their mission is rooted in holding companies accountable for fraudulent activities and ensuring ethical corporate behavior in the market. With a commitment to achieving recovery on behalf of affected shareholders, they work tirelessly to address losses stemming from misleading statements or incomplete disclosures made by companies during critical financial transactions.

For those interested in taking action, contact details for the Gross Law Firm are provided below. Act swiftly to protect your investment in Venture Global, Inc. and ensure your voice is heard in this pivotal class action lawsuit.