NEW YORK, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Venture Global, Inc. (“Venture Global” or the “Company”) (NYSE: VG) for violations of the federal securities laws on behalf of investors who purchased or acquired Venture Global common stock at the time of the Company’s Initial Public Offering (“IPO”) on January 24, 2025.
On February 17, 2025, a complaint was filed against the Company, certain of its current officers and directors, alleging that in connection with its IPO, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Venture Global’s ability to deliver liquefied natural gas (LNG) to the world and to continue development of its five natural gas liquefication and export projects depended on customer contracts; (2) Venture Global was facing legal challenges from existing large clients, such as BP and Shell, due to delays in supply contracts as it commissioned its projects; and (3) accordingly, Venture Global’s business and/or financial prospects were overstated.
When investors learned the truth, Venture Global’s common stock declined precipitously, injuring investors.
If you suffered a loss of more than $50,000 in Venture Global’s securities, and wish to participate, or learn more, please contact our attorneys at (914) 733-7256 or via email to Andrea Farah (afarah@lowey.com) or Vincent R. Cappucci Jr. (vcappucci@lowey.com).
Any investor who wishes to serve as Lead Plaintiff must act before April 18, 2025.
About Lowey Dannenberg
Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has recovered billions of dollars on behalf of its clients.
Contact:
Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7234
Email: afarah@lowey.com
SOURCE: Lowey Dannenberg P.C.
