HUT - Bragar Eagel & Squire P.C. Is Investigating Brooge Equity and HUT and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Brooge Energy Limited (NASDAQ:BROG), Equity Lifestyle Properties, Inc. (NYSE:ELS), and Hut 8 Corp. (NASDAQ:HUT). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
Brooge Energy Limited (NASDAQ:BROG)
On December 22, 2023, the United States Securities and Exchange Commission ("SEC") announced fraud charges against Brooge, the Company's former Chief Executive Officer ("CEO"), Nicolaas Lammert Paardenkooper, and its former Chief Strategy Officer and Interim CEO, Lina Saheb. According to the SEC order, before and after going public through a special purpose acquisition transaction, Brooge misstated between 30 and 80 percent of its revenues from 2018 through early 2021 in SEC filings related to the offer and sale of up to $500 million of securities. Further, the order found that Brooge created false invoices to support inflating revenues from its oil facilities in Fujairah, United Arab Emirates by over $70 million over three years, and that Paardenkooper and Saheb knew, or were reckless in not ...