Bronstein, Goertz & Grossman LLC

Bronstein, Goertz & Grossman LLC

NEW YORK, Feb. 12, 2024 (GLOBE NEWSWIRE) — Lawyer Announcement – 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.

Category 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 acquired Brooge securities between November 25, 2019 and December 21, 2023, inclusive (the “Class Period”). These investors are encouraged to join this cause by visiting the company’s website: bgandg.com/BROG.

Case details:

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 received no revenues from the BIA, as well as another fictitious client; (2) Brooge engaged in a complex pattern of payments with BIA to create the illusion of revenue from BIA and another customer who had no knowledge of the fraud; (3) Brooge intentionally lied to its auditors and the SEC about its fraudulent activities; (4) Borouge lacked internal controls; and (5) as a result, Defendants’ statements about their business, operations, and future prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. Therefore, the complaint says, when the true details of Brooge’s actions entered the market, investors suffered damages.

What then?

A class action lawsuit has already been filed. If you would like to review a copy of the complaint, you may visit the firm’s website: bgandg.com/BROG or you may contact Peretz Bronstein, Esq. Or our law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffer a loss in Brooge, you have until April 5, 2024 to ask the court to appoint you as lead plaintiff. Your ability to participate in any recovery does not require that you serve as lead plaintiff.

There is no cost to you

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

Why Bronstein, Goertz and Grossman:

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

Lawyer advertisement. Previous results do not guarantee similar results.

communication:

Bronstein, Goertz & Grossman, LLC

Peretz Bronstein or Yael Nathanson

332-239-2660 | info@bgandg.com

    (Tags for translation)Bronstein

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