Levi & Korsinsky Reminds Venture Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 18, 2025 – VG
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Venture Global (VG) is facing a class action lawsuit related to its January 2025 IPO. The lawsuit alleges that the company's registration statement was false or misleading after TotalEnergies rejected a long-term customer contract, citing lack of trust. Additionally, existing clients BP and Shell are challenging Venture Global due to supply contract delays, potentially undermining the company's ability to develop its natural gas liquefaction and export projects.
March 20, 2025 | 10:45 pm
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The class action lawsuit challenges VG's IPO disclosures, highlighting significant risks to its business model, including contract rejections and potential customer trust issues.
The lawsuit directly targets Venture Global's recent IPO, alleging material misrepresentations. Rejection by TotalEnergies and ongoing challenges from BP and Shell suggest serious business model and credibility issues that could negatively impact investor sentiment and stock price.
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