Venture Global, Inc. Class Action Lawsuit Alert: Johnson Fistel Announces Shareholders with Losses Should Contact the Law Firm for More Information
Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors Venture Global, Inc. (NYSE:VG). The lawsuit seeks to recover losses on behalf of investors who acquired securities pursuant and/or traceable to Venture Global’s registration statement for the initial public offering conducted on or about January 24, 2025 (the “IPO”). Investors have until April 18, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit.
If you incurred significant losses and want to act as the lead plaintiff in the Venture Global class action lawsuit or determine if you are eligible to receive a potential recovery of your losses, please submit your details here:
Contact for More Information: James Baker, (619) 814-4471, jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
According to the lawsuit, defendants touted its innovative and disruptive approach, which they stated is both scalable and repeatable, allowing Venture Global to bring liquified natural gas (“LNG”) to the global market years faster and at a lower cost. Defendants further discussed the development of Venture Global’s five natural gas liquefaction and export projects near the Gulf of Mexico in Louisiana, utilizing their unique “design one, build many” approach. Therefore, the IPO represented to the public that Venture Global had the customer backing to implement its projects, allowing for Venture Global to deliver LNG to the world. When the true details entered the market, the lawsuit claims that investors suffered damages.
Investor Action Steps: Shareholders who incurred losses during the class period, have until April 18, 2025, to move the court to become a lead plaintiff in this action. A lead plaintiff will act on behalf of all other class members in directing the class-action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit. An investor’s ability to share any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.