The Law Offices of Frank R. Cruz 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.

What Happened?

On January 27, 2025, Venture conducted its initial public offering (“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 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.