#United States #New York #Class Action #Securities Fraud #Venture Global

Class Action Lawsuit Against Venture Global, Inc.

On February 28, 2025, Levi & Korsinsky, LLP announced that it is representing investors in a class action lawsuit against Venture Global, Inc. (NYSE: VG). This lawsuit has emerged following claims of securities fraud, targeting investors affected by the company's actions during its recent initial public offering (IPO) on January 24, 2025.

What Happened?

The lawsuit aims to reclaim losses incurred by shareholders who bought stock linked to Venture's IPO offerings. Specifically, it involves all stakeholders who purchased shares through the company's registration statement during this timeframe. As widely reported, Venture Global offered 70 million shares at a price of $24.00 each during its IPO. However, subsequent events raised significant red flags about the company's integrity and operational viability.

On February 5, 2025, TotalEnergies, a critical client of Venture, publicly dismissed possible long-term contracts with the firm, citing a lack of trust. The CEO of TotalEnergies expressed his hesitation to engage in business with Venture regarding liquefied natural gas (LNG) supply contracts, explicitly stating the company's actions had deterred them from proceeding. This shocking revelation has raised serious concerns regarding Venture’s capacity to handle its existing contracts with other major industry players such as BP and Shell, both of whom are reportedly facing their own legal challenges with Venture due to delays in contract fulfillment.

These issues revolve around Venture’s capability to deliver LNG, which has added a layer of urgency to the situation—without sufficient client agreements, Venture’s many liquefaction and export projects are left in jeopardy. The allegations claimed that the company’s registration statements contained materially misleading information regarding their operational readiness, thereby contributing to losses for shareholders who believed in the integrity of the company’s business model during the IPO.

Next Steps for Affected Investors

Investors affected by these developments have until April 18, 2025, to apply for lead plaintiff status in the ongoing case. Those wishing to participate in the class action lawsuit need not serve as lead plaintiffs to be eligible for potential compensation. Importantly, participating in this lawsuit incurs no out-of-pocket fees, as class members may receive reimbursements without upfront costs. This presents a low-risk opportunity for investors who feel wronged by the company’s actions.

Why Levi & Korsinsky?

Levi & Korsinsky has a strong history of advocating for shareholders' rights and has successfully recovered hundreds of millions of dollars over the past two decades. With a dedicated team of over 70 professionals and a keen focus on complex securities litigation, the firm stands out in the legal landscape for not only securing compensation for aggrieved investors but also for building a reputation as one of the leading securities litigation firms in the United States, as highlighted in the ISS Securities Class Action Services Top 50 Report.

If you are an investor who purchased shares in Venture Global, Inc. and feel impacted by these recent developments, consider reaching out to Levi & Korsinsky for consultation. Their seasoned attorneys are ready to assist you in navigating the complexities of this situation and could play a pivotal role in your quest for justice.

Contact Information

For further inquiries, investors can reach out to Levi & Korsinsky, LLP via the following contact details:

• - Email: [email protected]
• - Phone: (212) 363-7500
• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004

Overall, the case against Venture Global highlights a crucial intersection between investor trust and corporate responsibility, making it imperative for the affected parties to seek proper legal representation to defend their rights and interests in this tumultuous time.