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, particularly after TotalEnergies rejected a long-term customer contract and existing clients like BP and Shell are experiencing supply contract delays. The legal action targets shareholders who purchased stock during the IPO period.
March 20, 2025 | 10:45 pm
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The class action lawsuit alleges material misrepresentations in the IPO registration statement, focusing on customer contract issues with TotalEnergies, BP, and Shell that could impact the company's credibility and future business prospects.
The lawsuit directly targets VG's recent IPO, alleging false statements about its ability to secure long-term customer contracts. TotalEnergies' public rejection and ongoing legal challenges with other major clients suggest significant business model and credibility risks.
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