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Venture Global, Inc. Class Action: Levi & Korsinsky Reminds Venture Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 18, 2025 – VG
Globenewswire·2025-03-24 18:27

Core Viewpoint - Venture Global, Inc. is facing a class action securities lawsuit due to alleged securities fraud related to its initial public offering (IPO) and subsequent customer contract issues [1][2][3]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who purchased shares during the IPO on January 24, 2025, which sold 70 million shares at $24.00 each [2][3]. - TotalEnergies, a potential long-term customer, rejected a supply contract with Venture, citing a lack of trust, which raises concerns about Venture's credibility and ability to secure contracts [3]. - Venture is also facing legal challenges from major clients like BP and Shell due to delays in supply contracts, which could impact its LNG delivery capabilities and project developments [3]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant period have until April 18, 2025, to request to be appointed as lead plaintiff in the lawsuit [4]. - Participation in the lawsuit does not require any out-of-pocket costs for class members, and they may be entitled to compensation [4]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [5]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [5].