#USA #San Diego #Class Action #Securities Fraud #Venture Global

VG Investor Alert: Take Action Against Venture Global

An Opportunity for Affected Investors

On March 16, 2025, Robbins Geller Rudman & Dowd LLP announced a vital opportunity for investors who purchased shares of Venture Global, Inc. (NYSE: VG) between January 24 and 27, 2025. This period marked the company’s initial public offering (IPO), where it sold 70 million shares at $24 each. Investors who have faced significant losses during this timeframe now have a chance to participate in a class action lawsuit and potentially recover their losses.

Details of the Class Action Lawsuit

The class action, titled Bowes v. Venture Global, Inc., accuses the firm and its top executives of violating securities regulations. The lawsuit claims that the IPO offering documents were misleading and failed to disclose critical information about Venture Global’s operational confidence and capabilities to deliver liquefied natural gas (LNG) globally.

The stakes were raised significantly due to revelations surrounding Venture Global’s negotiations with TotalEnergies. According to reports, TotalEnergies CEO Patrick Pouyanne rejected an offer from Venture Global for a long-term LNG supply contract, citing a lack of trust and potential conflict with existing partnerships. This news led to a notable decline in the company's stock value, exacerbating the losses suffered by investors.

The Path Forward for Investors

Affected investors have until April 18, 2025, to file their claim and seek a lead plaintiff role in the lawsuit. The law permits any individual or entity that bought shares of Venture Global in connection with the IPO to apply. The lead plaintiff, typically the one with the most significant financial stake in the lawsuit, plays a crucial role by acting on behalf of the entire class. They also have the discretion to select a law firm to lead the litigation. It’s essential to note that participation as a lead plaintiff does not impact an investor's eligibility for potential recovery under the lawsuit.

About Robbins Geller

Robbins Geller Rudman & Dowd LLP is a reputable law firm recognized for representing investors in securities fraud cases. They have a strong track record, having recovered approximately $6.6 billion in securities class actions over the years. The firm has consistently ranked as one of the top firms in securing the most monetary relief for investors. A point of interest is that they obtained the highest ever securities class action recovery of $7.2 billion from the Enron case.

In conclusion, this class action presents a significant opportunity for those affected by the events surrounding Venture Global's IPO to seek justice and potential compensation. Interested parties are encouraged to reach out for assistance and learn more about their rights and options.