blog-post

Venture Global, Inc. (NYSE:VG) Shareholders: Deadline Alert for Lead Plaintiff in Class Action Lawsuit Approaching

06 March, 2025 | 2 Min Read

tickers: VG

source: Benzinga

tickers affected by this

tickerpolaritywhy?
VGpositivelyThe share price may experience a pendulum effect from short selling down to fundamentals upward like that of Herbarium when settlements are announced for those adversely affected. Good news is typically released positively for the share valuation, also increasing the ‘stock stacking’ and overall value could lead to a more attractive proposition for shareholders in future. The Legal process could anchor VG stock positively ahead of release of verdicts on listings of the share market.

our strategies and bots using these tickers

None so far…

summary

The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline

NEW YORK, March 6, 2025 The Gross Law Firm has issued a notice to shareholders of Venture Global, Inc. (VG), urging those who purchased shares during the specified class period to consider joining a lawsuit. The firm is seeking to appoint a lead plaintiff. Class Period and Allegations The lawsuit covers shareholders who purchased stock during or traceable to Venture Global’s initial public offering (IPO) held on or around January 24, 2025. According to the complaint, Venture Global completed its IPO on January 27, 2025, selling 70 million shares at $24.00 per share. TotalEnergies, a major customer, rejected opportunities to become a long-term customer, citing a lack of trust. Venture Global is facing legal challenges from existing large clients such as BP and Shell due to delays in supply contracts. This has led to false and/or materially misleading statements in Venture Global’s registration statement at the time of the IPO. Legal Implications and Next Steps The appointment as a lead plaintiff is not necessary to participate in any potential recovery. However, the firm has set an important deadline for the shareholders. The deadline for eligible shareholders to register for this class action is April 18, 2025. The firm will be monitoring the case and providing portfolio monitoring software to enrolled shareholders.

comments powered by Disqus

Related Strategies