Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Venture Global, Inc. (“Venture”) (NYSE: VG) Class A common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Offering Documents”) issued in connection with its initial public offering (“IPO”) on or about January 24, 2025.
Venture produces and distributes liquid natural gas (“LNG”), which has been supercooled and converted into liquid form.
The complaint alleges that, in the Offering Documents, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) there were systemic delays and operational issues at Venture’s LNG plants which incurred significant costs and caused Venture to rely on generating revenue almost exclusively through one plant; (2) Venture had incurred costs far beyond market consensus yet largely remained silent on some of this critical financial information in the Offering Documents; (3) Venture was intentionally avoiding triggering its obligations under existing long-term contracts with customers, risking significant reputational and legal harm; and (4) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On December 5, 2025, the Lead Plaintiff filed an Amended Complaint. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.