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

Levi & Korsinsky Announces Class Action Lawsuit Against Venture Global, Inc.

Levi & Korsinsky, LLP, a prominent law firm, recently issued an alert to investors concerning Venture Global, Inc. (NYSE: VG). The firm has initiated a class action securities lawsuit and is currently seeking affected investors to join the suit. This action arises as a response to alleged securities fraud impacting shareholders, particularly those who purchased stock related to Venture's initial public offering (IPO) on January 24, 2025.

Background of the Lawsuit

According to court documents, the lawsuit aims to recover losses incurred by investors who were adversely affected by misleading statements in the company’s registration statement during its IPO process. The IPO was launched with high hopes, selling 70 million shares at a price of $24.00 each. The excitement soon turned to concern when major client TotalEnergies opted not to pursue a long-term supply agreement with Venture Global.

On February 5, 2025, TotalEnergies CEO rejected an offer that Venture made for liquefied natural gas (LNG) supplies from the Calcasieu Pass terminal in Louisiana, citing a lack of trust. This pivotal moment raised alarms for stakeholders as it underscored deeper issues within the company’s operational credibility. Furthermore, the lawsuit highlights that Venture is currently facing complications with existing clients such as BP and Shell, who have raised concerns over contract delays related to LNG supplies, which are crucial for Venture’s growth and project development.

Legal Details and Next Steps

The complaint by Levi & Korsinsky articulates that the defendants’ inability to resolve these issues has led to statements within the registration document being factually incorrect or significantly misleading. Investors wishing to protect their rights and possibly participate in a financial recovery have until April 18, 2025, to apply to be appointed lead plaintiff in the lawsuit. Importantly, becoming a lead plaintiff is not a condition for receiving a share of any potential recovery from the case.

The firm assures potential class action members that participation involves no personal financial risk. If you qualify as a class member, you may receive compensation without incurring out-of-pocket costs. Invested parties interested in learning more or getting in touch with a legal representative can find specific links provided by Levi & Korsinsky for easy access to further information.

Levi & Korsinsky’s Track Record

Levi & Korsinsky boasts a history of successful representation in high-stakes securities litigation. Over the past twenty years, their team has helped investors recover hundreds of millions of dollars. They rank among the top firms in the United States for securities class actions, demonstrating a solid commitment to their clients. With a dedicated team of over 70 professionals, the firm is well-equipped to handle the complexities associated with these types of lawsuits.

Conclusion

As Venture Global, Inc. continues to face significant challenges in the marketplace, affected investors should act swiftly to protect their interests. Joining this class action lawsuit, led by Levi & Korsinsky, could be a crucial step in seeking justice and potential financial restitution. For more detailed information, affected parties are encouraged to reach out to the firm through the provided contact channels, including email and telephone options.