Kessler Topaz Meltzer & Check, LLP Alerts Investors of Key Deadline in Venture Global Class Action

RADNOR, Pa., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP has announced to investors that a securities class action lawsuit has been initiated in the United States District Court for the Southern District of New York against Venture Global, Inc. (traded as VG). This lawsuit represents individuals who acquired shares of Venture through its registration statement and prospectus, which are collectively referred to as the IPO Documents, during the company's initial public offering around January 24, 2025. The deadline for appointing a lead plaintiff is set for April 18, 2025.

Contact for Legal Assistance

For inquiries, interested parties may reach out to attorney Jonathan Naji, Esq. by calling (484) 270-1453 or via email at [email protected].

Allegations Against Venture Global

The class action claims that the defendants made misleading statements or failed to disclose critical information in the IPO Documents. Specifically, the complaint alleges that (1) Venture's capacity to deliver liquefied natural gas depended on customer contracts, (2) the company was encountering legal disputes with major clients such as BP and Shell regarding supply contract delays, and (3) as a result, Venture's business and financial outlook was overly optimistic.

Lead Plaintiff Process

Investors in Venture have the opportunity to step forward as lead plaintiffs representing the class. This process must be completed no later than April 18, 2025. Interested investors can either pursue this route with Kessler Topaz Meltzer & Check, LLP or their own legal representative, or they may choose to remain passive as absent class members. The lead plaintiff acts on behalf of all class members in managing the lawsuit and is typically chosen due to having the largest financial interest in the case while also being representative of the class. He or she will also have the authority to select counsel to represent the class, with court approval.

Kessler Topaz Meltzer & Check, LLP encourages investors who have faced substantial losses from their investments in Venture to reach out for more information on the class action lawsuit.

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About Kessler Topaz Meltzer & Check, LLP

Kessler Topaz Meltzer & Check, LLP specializes in prosecuting class actions across state and federal courts in the United States and internationally. It has earned a strong reputation for excellence and has successfully recovered billions for victims of fraud and other business misconduct. The firm is dedicated to protecting the rights of investors, consumers, and employees from fraudulent practices, abuse, and neglect by corporations and fiduciaries. Note that Kessler Topaz Meltzer & Check, LLP did not file the complaint in this particular case. For detailed information about the firm, please visit their website.

Contact Information:

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

This announcement may be considered attorney advertising in certain jurisdictions. Previous results do not guarantee future outcomes.

lawsuit, investors, legal, allegations, classaction