Brooge Energy Limited
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
The lawsuit alleges that throughout the Class Period, the defendants made false and/or misleading statements or failed to disclose several key facts: (1) Brooge exaggerated its revenues by falsely claiming to have received revenues from BIA and another fictitious customer; (2) Brooge engaged in a convoluted scheme of payments with BIA to create the appearance of revenue from BIA and another customer who were unaware of the fraud; (3) Brooge deliberately misled its auditors and the Securities and Exchange Commission about its fraudulent activities; (4) Brooge lacked sufficient internal controls; and (5) consequently, the defendants’ statements regarding Brooge’s business, operations, and prospects were materially false and misleading or lacked reasonable substantiation throughout the relevant period. The lawsuit contends that when the true details were revealed, investors incurred damages.
