Venture Global, Inc.
| Company Name | Venture Global, Inc. |
| Stock Symbol | VG |
| Class Period | January 21, 2025 to February 17, 2025 |
| Lead Plaintiff Motion Deadline | April 18, 2025 |
On January 27, 2025, Venture conducted its 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 (“LNG”) 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.
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.
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