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Kirby McInerney LLP Reminds Venture Global, Inc. Investors of Class Action Filing and Encourages Investors to Contact the Firm
KEXKirby(KEX) GlobeNewswire News Room·2025-02-22 01:00

Core Points - A class action lawsuit has been filed against Venture Global Inc. for securities fraud related to its January 2025 IPO [3][5] - Investors have until April 18, 2025, to apply to be appointed as lead plaintiff in the lawsuit [3] - Venture's IPO involved the sale of 70 million shares at 24.00each[3]CompanyChallenges−TotalEnergiesrejectedalong−termsupplycontractwithVentureduetoalackoftrust,whichhasnegativelyimpactedVenture′sreputation[4]−VentureisfacinglegalchallengesfrommajorclientslikeBPandShellduetodelaysinfulfillingsupplycontracts[4]−FollowingthenewsofTotalEnergies′rejection,Venture′ssharepricedroppedfrom24.00 each [3] Company Challenges - TotalEnergies rejected a long-term supply contract with Venture due to a lack of trust, which has negatively impacted Venture's reputation [4] - Venture is facing legal challenges from major clients like BP and Shell due to delays in fulfilling supply contracts [4] - Following the news of TotalEnergies' rejection, Venture's share price dropped from 19.68 to 17.48,adeclineof17.48, a decline of 2.20 per share [4]