The Law Offices of Frank R. Cruz reminds investors of the upcoming April 18, 2025 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Venture Global, Inc. (“Venture” or the “Company”) (NYSE: VG) securities pursuant and/or traceable to the Company’s January 2025 initial public offering (“IPO”).
IF YOU ARE AN INVESTOR WHO LOST MONEY ON VENTURE GLOBAL, INC. (VG), CLICK HERE TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT.
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.
If you purchased or otherwise acquired Venture securities pursuant and/or traceable to the IPO, the deadline to seek appointment as the lead plaintiff in the securities fraud class action is April 18, 2025.
Contact Us To Participate or Learn More:
If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact us:
Frank R. Cruz
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Email us at: info@frankcruzlaw.com
Call us at: 310-914-5007
Visit our website at www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. 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/20250417860407/en/
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
