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.