BROG - Investor Notice: Robbins LLP Informs Investors of Class Action Filed Against Brooge Energy Limited f/k/a Brooge Holdings Limited f/k/a Twelve Seas Investment Company (BROG) | Benzinga

SAN DIEGO, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Brooge Energy Limited (NASDAQ:BROG) stock between November 25, 2019 and December 21, 2023. Brooge Energy Limited, through its subsidiaries, provides oil storage and related services at the Port of Fujairah in the United Arab Emirates.

For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What is this Case About: Brooge Energy Limited (BROG) Engaged in Fraudulent Practices According to SEC

According to the complaint, during the class period, defendants failed to disclose that: (1) Brooge materially overstated its revenues because it never received any revenues from A1 Brooge International Advisory LLC ("BIA"), as well as another fictitious customer; (2) Brooge engaged in a complex pattern of payments with BIA to create the illusion ...

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