NEW
YORK, Feb. 20, 2025 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Venture
Global, Inc. (NYSE: VG).
Shareholders who purchased shares of VG during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/venture-global-inc-loss-submission-form/?id=130547&from=4
CLASS PERIOD: This lawsuit is on behalf of all
shareholders that purchased stock pursuant and/or traceable to
Venture's registration statement for the initial public offering
held on or about January 24,
2025.
ALLEGATIONS: According to the complaint, Venture
completed its initial public offering on January 27, 2025, selling 70 million shares at
$24.00 per share. On February 5, 2025, TotalEnergies, an energy
company that was a target customer of Venture, rejected
opportunities to become a long-term customer of Venture, citing
lack of trust. In particular, TotalEnergies CEO, stated that he was
approached by Venture to see if the company would be interested in
a long-term supply contract for liquefied natural gas from the
Calcasieu Pass terminal in Louisiana, but he rejected the offer "because
of what they are doing." Venture is currently facing
legal challenges from existing large clients, such as BP and Shell,
due to delays in supply contracts as Venture commissions its
projects. Given the fact that defendants ability to deliver
liquefied natural gas (LNG) to the world and to continue
development of Venture's five natural gas liquefication and export
projects depends on customer contracts, defendants' failure to
account for and address these issues caused statements in Venture's
registration statement to be false and/or materially misleading at
the time of the initial public offering.
DEADLINE: April 18, 2025
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/venture-global-inc-loss-submission-form/?id=130547&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of VG during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is April 18, 2025. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm