Class Action Lawsuit Filed Against Venture Global, Inc. by Kessler Topaz Meltzer & Check, LLP

RADNOR, Pa., March 15, 2025 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP has announced to investors that a class action lawsuit has been initiated in the United States District Court for the Southern District of New York against Venture Global, Inc. ("Venture" or "VG"). This lawsuit is on behalf of individuals who acquired Venture common stock that was associated with the company’s registration statement and prospectus, collectively known as the IPO Documents, during its initial public offering (IPO) held around January 24, 2025.

The deadline for lead plaintiff applications is April 18, 2025.

Contact Information:

Investors can reach out to attorney Jonathan Naji, Esq. by phone at (484) 270-1453 or via email at [email protected].

Allegations Against the Defendants

The complaint alleges that the defendants included false or misleading statements in the IPO Documents and failed to disclose critical information, including: (1) Venture’s capability to supply liquefied natural gas to the global market and its progress on five natural gas liquefaction projects was dependent on securing customer contracts; (2) Venture faced legal disputes with major clients like BP and Shell over delays in supply contracts as it launched its projects; and (3) Venture's business outlook and financial performance were presented in an overly optimistic manner.

Process for Selecting a Lead Plaintiff

Investors in Venture have the opportunity to apply for the role of lead plaintiff by April 18, 2025. They can do this through Kessler Topaz Meltzer & Check, LLP or other legal counsel, or they may opt to remain as absent class members. The lead plaintiff will represent the interests of all class members in directing the case. Typically, the lead plaintiff is the individual or small group of investors with the highest financial losses related to the case, who also exemplifies characteristics typical of the wider group of shareholders affected. The lead plaintiff will select their own legal counsel, and if the court approves, those attorneys will represent the lead plaintiff and the entire class. It's important to note that whether or not one serves as a lead plaintiff, their eligibility to receive compensation in any settlement is unaffected.

Kessler Topaz Meltzer & Check, LLP urges any Venture investors who have experienced considerable losses to contact the firm for further details.

For more information or to sign up for the case, interested parties can follow the link: Register Here.

About Kessler Topaz Meltzer & Check, LLP

Kessler Topaz Meltzer & Check, LLP is engaged in the prosecution of class actions in various state and federal courts across the country and internationally. The firm is known for its dedication to achieving justice and has secured billions of dollars for victims of corporate fraud and misconduct. Their work is centered on safeguarding the rights of investors, consumers, and employees against illegal activities conducted by companies and their management. It is worth noting that the complaint in this case was not filed by Kessler Topaz Meltzer & Check, LLP. For additional information about the firm, please visit their official website.

Contact Information

Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]

lawsuit, investors, VentureGlobal