Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Venture Global, Inc. (“Venture” or the “Company”) (NYSE: VG) securities pursuant and/or traceable to the Company’s January 2025 initial public offering (“IPO”). Venture investors have until April 18, 2025 to file a lead plaintiff motion.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN VENTURE GLOBAL, INC. (VG), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On January 27, 2025, Venture conducted its IPO, selling 70 million shares at $24.00 per share.
On February 5, 2025, one of Venture’s target customers, TotalEnergies, revealed that it had rejected a long-term supply contract for liquefied natural gas (“LNG”) from Venture, citing lack of trust.
On this news, Venture’s stock price fell $2.20, or 11.2%, to close at $17.48 per share on February 6, 2025, thereby injuring investors.
What Is The Lawsuit About?
The complaint filed in this class action alleges that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Venture did not have the customer backing to implement its projects, allowing for the Company to deliver LNG to the world; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you purchased Venture securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250220874925/en/
Contacts
Contact Us:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
