Brooge Energy Limited

Ticker: BROG

Class Period Start: 11/25/2019

Class Period End: 12/21/2023

Registration Deadline: 04/05/2024

A securities class action has been filed in the USDC C.D.CA. against Brooge Energy Limited (BROG) (“Brooge” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired Brooge securities between November 25, 2019 and December 21, 2023, both dates inclusive (the “Class Period”).

 

The Complaint alleges that defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that:

 

(1)  Brooge materially overstated its revenues because it never received any revenues from BIA, as well as another fictitious customer;

(2)  Brooge engaged in a complex pattern of payments with BIA to create the illusion of revenues from BIA and another customer that had no knowledge of the fraud;

(3)  Brooge intentionally lied to its auditors and the Securities and Exchange Commission about its fraudulent activities;

(4)  Brooge lacked internal controls; and

(5)  as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

  

If you purchased Brooge securities during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

 

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