Venture Global (VG) LNG Supply and Customer Trust Misrepresentation Case

S.D. New York

Court

1:25-cv-01364

Case number

01/24/2025

Class period Start

02/17/2025

Class period End

04/21/2025

Lead Plaintiff motion deadline

$VG investors filed a lawsuit against Venture Global, alleging the company misled shareholders about its ability to secure long-term LNG supply contracts and maintain strong customer relationships.
On February 5, 2025, TotalEnergies rejected a long-term LNG contract with Venture Global, citing a lack of trust. Following this news, $VG stock dropped 11.2%.
$VG investors can join this case to be notified about potential recovery.
Between January 24, 2025, and February 5, 2025, Venture Global promoted its "design one, build many" LNG production model, claiming it allowed the company to deliver liquefied natural gas (LNG) faster and at a lower cost than competitors. The company assured investors that its expansion projects in Louisiana were well-supported by long-term customer contracts.

However, Venture Global failed to disclose serious customer trust issues. On February 5, 2025, TotalEnergies CEO Patrick Pouyanne publicly rejected a long-term LNG supply contract from Venture Global, stating that the company was not trustworthy and raising concerns about its pricing practices. Pouyanne also cited tensions between Venture Global and major energy firms like BP and Shell, which were involved in legal disputes over delayed LNG shipments.

Following this news, $VG stock dropped 11.2%.

Based on these events, $VG investors filed a lawsuit against Venture Global, claiming the company:
It misled investors about its ability to secure long-term LNG supply contracts.
It downplayed the risks of customer distrust and legal disputes with major energy companies.
Investors believe Venture Global misrepresented its business stability and customer relationships.

Case Status

Lead Plaintiff Submission

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Shock Event Date

02/05/2025

Filing date

02/17/2025

Lead Plaintiff Deadline

04/21/2025

Collecting participants…

Venture Global, Inc.

Venture Global, Inc. is a U.S.-based company specializing in the development, construction, and operation of liquefied natural gas (LNG) export facilities. Founded in 2013, the company focuses on p...

Ticker

VG.US

ISIN

US92333F1012

Sector

Energy

Industry

Oil & Gas

Country

United States