1. The Gross Law Firm announces a class action lawsuit for VG shareholders. 2. TotalEnergies rejected a long-term contract with VG citing lack of trust. 3. Venture faces lawsuits from BP and Shell due to contract delays. 4. Claims allege misleading statements during VG's recent IPO. 5. Shareholders can register for participation by April 18, 2025.
Ongoing litigation and loss of client trust may depress VG's stock price, reminiscent of similar cases where companies faced significant drops during legal challenges.
The allegations directly involve misleading statements and client trust issues, crucial for investor confidence and stock performance.
Legal proceedings and related news can impact stock prices in the near term, as ongoing issues likely lead to immediate investor anxiety and stock volatility.
/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=135490&from=4
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.
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 liquefaction 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.
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=135490&from=4
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.
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.
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903
The Gross Law Firm