10 Stocks Lead Rally Amid Market Bloodbath

2. Venture Global Inc. (NYSE:VG)

Venture Global snapped a five-day losing streak on Tuesday, adding 11.71 percent to close at $7.82 apiece as investors resorted to bargain-hunting to take advantage of its cheap valuation, shunning news of law firms initiating investigations into the company on possible equities violation.

In separate statements, law firms Portnoy, as well as Robbins Geller Rudman & Dowd, encouraged VG investors to lead as a plaintiff for a class action lawsuit over allegations that the company promoted its innovative and disruptive approach, claiming it was both scalable and repeatable, enabling the company to bring LNG to the global market faster and at a lower cost.

It also alleged that VG highlighted the development of five natural gas liquefaction and export projects near the Gulf of Mexico.

According to the lawsuit, “when the true details emerged, investors suffered financial losses.”

VG has yet to issue a statement regarding the allegations.