Particle.news

Download on the App Store

Brooge Energy Faces Multiple Legal Challenges Over Alleged Securities Fraud

Investors and law firms mobilize as the SEC charges Brooge Energy with revenue inflation and false invoicing.

  • Rosen Law Firm reminds Brooge Energy investors of the April 5, 2024, lead plaintiff deadline in a securities class action lawsuit.
  • Faruqi & Faruqi, LLP is investigating potential claims against Brooge Energy and reminds investors of the same April 5 deadline.
  • The SEC charged Brooge Energy and former executives with fraud, alleging revenue inflation and false invoicing.
  • Brooge Energy consented to a settlement with the SEC, agreeing to pay a $5 million fine.
  • Investors seek additional compensation through a class action lawsuit, alleging substantial revenue inflation over three years.
Hero image