NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Venture Global, Inc (“Venture Global” or the “Company”) (NYSE: VG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Venture Global and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until April 18, 2025 to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Venture Global securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On or around January 24, 2025, Venture Global conducted its initial public offering (“IPO”) of 70 million shares priced at $25.00 per share.
Then, on February 5, 2025, Reuters published an article entitled “Total CEO says company rejected Venture Global as LNG supplier over lack of trust”. The Reuters article reported, in relevant part, that TotalEnergies SE had “rebuffed” overtures from Venture Global in connection with various contracts, citing “a lack of trust.” The Reuters article noted that Venture Global “has been roiled by legal challenges from huge clients like BP and Shell for taking years to honor supply contracts as it commissions its projects.”
Following publication of the article, Venture Global’s stock price fell $2.20 per share, or 11.18%, to close at $17.48 per share on February 6, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
