Overview

A class action lawsuit has been filed against Venture Global, Inc. (“Venture” or the “Company”) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws.  Following its initial public offering, Venture’s stock traded on the New York Stock Exchange (NYSE) under the symbol “VG.”

The Venture class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired stock pursuant and/or traceable to Venture’s registration statement for the initial public offering held on or about January 24, 2025 (the “Class Period”).

Venture introduced itself to investors during its initial public offering as having reshaped the development and construction of liquefied natural gas (“LNG”) production, establishing itself as a rapidly growing company delivering critical LNG to the world.  Venture describes its approach as innovative and disruptive, which is both scalable and repeatable, allowing Venture to bring LNG to the global market years faster and at a lower cost.

In their initial public offering documents, Defendants discussed the commissioning, constructing, and developing of five natural gas liquefaction and export projects near the Gulf of Mexico in Louisiana. Venture further described each project as designed or being developed to include an LNG facility and associated pipeline systems that interconnect with several interstate and intrastate pipelines to enable the delivery of natural gas into the LNG facility.

The Venture action lawsuit alleges that Venture completed its initial public offering on January 27, 2025, selling 70 million shares at $24.00 per share.  On February 5, 2025, TotalEnergies, an energy company that was a target customer of Venture, rejected opportunities to become a long-term customer of Venture, citing lack of trust.  In particular, TotalEnergies Chief Executive Officer Patrick Pouyanne stated that he was approached by Venture to see if the company would be interested in a long-term supply contract for liquefied natural gas from the Calcasieu Pass terminal in Louisiana, but he rejected the offer because of what they are doing.

In response to the news, Venture’s stock price declined from $19.68 per share on February 5, 2025, to $17.48 per share on February 6, 2025.  According to the lawsuit, investors bought Venture stock in the initial public offering based on false and/or materially misleading information concerning its repeated confidence in the Company’s ability to utilize its approach to deliver LNG to the world.  These investors sustained damages as a result thereof.

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If you purchased or otherwise acquired stock pursuant and/or traceable to Venture’s registration statement for the initial public offering held on or about January 24, 2025, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]. 

The deadline to apply to the Court to serve as lead plaintiff in the Venture class action lawsuit is April 18, 2025.