#United States #New York #Class Action #securities lawsuit #Venture Global

Investor Alert: Class Action Lawsuit Against Venture Global

Levi & Korsinsky, LLP is urging investors of Venture Global, Inc. (traded under NYSE: VG) to take note of an important class action securities lawsuit that seeks to recover losses stemming from alleged fraud related to the company's initial public offering (IPO) on January 24, 2025. This announcement serves as a reminder for those who purchased stock tied to the company’s registration statement during the IPO period.

Case Overview

The lawsuit has been filed with a focus on protecting investors adversely affected by circumstances surrounding Venture's IPO. It encompasses investors who acquired shares that are traceable to the registration statement published at the time of the IPO. Those who experienced loss due to alleged misconduct by Venture are encouraged to act promptly.

The situation took a concerning turn shortly after the IPO when TotalEnergies, a potential long-term customer, decided against a partnership with Venture, citing a lack of trust. This revelation raises significant questions regarding the company’s credibility and its ability to fulfill supply contracts, particularly critical as Venture works on five liquefied natural gas (LNG) projects.

Timeline and Wrongdoing

On January 27, 2025, Venture conducted its IPO, selling 70 million shares at a price of $24.00 each. However, the fallout began soon after a failed proposal from TotalEnergies to establish a long-term supply contract for LNG. The repercussions of this rejection signaled deeper issues within the company, including strains in relationships with major clients like BP and Shell, caused by delays in vital supply agreements.

The crux of the complaint is that statements made about Venture's potential and contractual integrity during the IPO were misleading. The firm’s inability to secure adequate contracts is not only detrimental to its image but also places shareholders at risk of significant financial loss.

Next Steps for Investors

Investors are informed that they have until April 18, 2025, to seek lead plaintiff status in this class action. Sharing in any potential recovery from the lawsuit does not necessitate being appointed as lead plaintiff, providing opportunities for all aggrieved shareholders.

No Financial Burden

If you are eligible to be part of this class action, it is important to note that there are no out-of-pocket expenses for participating. The firm guarantees that participation costs will be covered, making it easier for affected investors to claim potential compensation without upfront fees.

Why Choose Levi & Korsinsky?

With a notable history spanning over two decades, Levi & Korsinsky has obtained hundreds of millions of dollars on behalf of shareholders wronged by corporate actions. The firm's team, consisting of more than 70 professionals specializing in complex securities litigation, holds a proven track record of navigating high-stakes legal battles. For seven consecutive years, they have been ranked among the top firms in the securities litigation landscape in the United States, according to ISS Securities Class Action Services.

Contact Information

If you believe you have suffered losses related to Venture Global, it is advisable to reach out to Levi & Korsinsky for assistance. You may contact Joseph E. Levi, Esq. via email at [email protected] or call (212) 363-7500 for further inquiries about your rights and options related to this important class action.

Take action now to ensure that your voice is heard and to protect your financial interests in this developing situation.