#USA #New York #Class Action #Pomerantz LLP #Venture Global

Pomerantz Law Firm's Class Action Alert on Venture Global, Inc.

On March 3, 2025, Pomerantz LLP announced significant news for investors regarding Venture Global, Inc. (NYSE: VG), as a class action lawsuit has been initiated against the company. This alert primarily targets shareholders who have experienced losses on their investments. Potential plaintiffs are encouraged to reach out to the firm for guidance on their rights and the next steps to take in light of the ongoing legal proceedings.

Key Facts About the Class Action

The class action focuses on allegations pertaining to securities fraud or other unlawful practices by Venture Global and certain members of its executive team. This lawsuit stems from concerns raised about the company's operational integrity and its engagements with reputable industry players. Investors who purchased shares during the designated class period must act quickly, as the deadline for appointing a Lead Plaintiff is April 18, 2025.

To initiate the process, investors can get in touch with Pomerantz’s designated contact, Danielle Peyton, via email at info@pomerantzlaw.com or through their dedicated hotline. For those who opt to communicate via email, including personal contact details and the number of shares owned is highly advised for a seamless process.

Background of the IPO and Subsequent Stock Decline

Venture Global went public on January 24, 2025, with an initial public offering of 70 million shares priced at $25 each. However, the company's market performance took a downturn after a critical article was published by Reuters on February 5, 2025. The article highlighted a significant trust deficit reported by TotalEnergies SE, which resulted in the company rebuffing proposals from Venture Global for various liquefied natural gas (LNG) supply contracts.

The fallout from this revelation was immediate and profound; on February 6, 2025, shares of Venture Global dropped precipitously by $2.20, representing a stunning 11.18% decline, closing the trading day at $17.48. This drop underscores the volatility and risks associated with investing in the company, especially in the context of the legal challenges it faces from high-profile clients such as BP and Shell.

Pomerantz LLP’s Track Record

Pomerantz LLP, with over 85 years of experience in securities class actions, has built a commendable reputation in the legal community. The firm's founders, especially the late Abraham L. Pomerantz, are celebrated for their pioneering role and commitment to upholding the rights of investors affected by corporate misconduct. Over the years, Pomerantz has successfully recovered countless multimillion-dollar settlements for its clients, reinforcing its status as a go-to firm in corporate litigations.

As the class action progresses, Pomerantz urges any investors with pertinent information related to their losses in Venture Global to come forward. Together, they can seek justice and potentially recover losses incurred due to alleged fraudulent activities by firm executives.

For more information on the class action and for downloadable copies of necessary documents, interested parties can visit the firm's official website at www.pomerantzlaw.com, where extensive resources for investors are available.

Conclusion

Investors are advised to stay informed and proactive as this situation develops. Cases like these highlight the importance of vigilance in the investment landscape, especially regarding the ethical practices of companies and their management. For any investors seeking clarification or who wish to be part of this collective action, now is the time to take a stand.