Le Lézard
Classified in: Business
Subject: ATY

BROG INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Brooge Energy Limited f/k/a Brooge Holdings Limited f/k/a Twelve Seas Investment Company Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!


NEW YORK, Feb. 12, 2024 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Brooge Energy Limited f/k/a Brooge Holdings Limited f/k/a Twelve Seas Investment Company ("Brooge" or "the Company") (NASDAQ: BROG) and certain of its officers.

Class Definition:

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Brooge securities between November 25, 2019 and December 21, 2023, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/BROG.

Case Details:

The Complaint alleges that throughout the Class Period Defendants 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. The Complaint therefore argues that, when the true details of Brooge's actions entered the market, investors suffered damages.

What's Next?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/BROG or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in Brooge you have until April 5, 2024, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC


These press releases may also interest you

at 09:00
Today, Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, hosts its One Duck Creek Summit in Columbia, South Carolina, bringing employees together from across the...

at 08:56
The city of Boston welcomes a game-changing addition to its sports and recreation landscape with the grand opening of indoor pickleball facility, Boston Pickle Club. As pickleball surges in popularity, the state-of-the-art facility will cater to the...

at 08:53
Full Capacity Marketing (FCM), a national marketing agency specializing in the workforce, education, and entrepreneurship sectors announces an affiliate partnership with The Texas Association of Workforce Boards (TAWB). TAWB's partnership brings one...

at 08:49
Pickleball Kingdom, the largest indoor pickleball franchise in the world continues its massive global expansion by coming to Canada. The United States based company confirmed its commitment to opening clubs in Canada, starting immediately with...

at 08:45
Conduent Incorporated , a global technology-led business solutions and services company, plans to report its first-quarter 2024 financial results on Wednesday, May 1, 2024 before market open. Management will present the results during a conference...

at 08:45
Rainbow, a leading provider of insurance solutions for restaurants, is thrilled to officially announce the launch of a partnership with First Connect, a digital platform designed to provide independent agents access to some of the nation's top...



News published on and distributed by: