openPR Logo
Press release

Investigation announced for Investors who lost money with shares of Brooge Energy Limited (NASDAQ: BROG) over possible Violations of Securities Laws

01-23-2024 08:19 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Brooge Energy Limited (NASDAQ: BROG) shares over potential securities laws violations.

An investigation for investors in Brooge Energy Limited (NASDAQ: BROG) shares over potential securities laws violations.

An investigation on was announced over potential securities laws violations by Brooge Energy Limited in connection with certain financial statements.

Investors who purchased shares of Brooge Energy Limited (NASDAQ: BROG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Brooge Energy Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Brooge Energy Limited reported that its annual Total Revenue rose from $41.76 million in 2021 to $81.54 million in 2022, and that its Net Income increased from $25.69 million in 2021 to $27.22 million in 2022.

On December 22, 2023, the U.S. Securities and Exchange Commission ("SEC") came to a $5 million settlement with Brooge Energy Limited that will allow it to settle charges in which Brooge committed fraud by lying to the SEC about its revenue in order to sell $500 million in securities. The SEC alleges Brooge broke "the antifraud, proxy statement, reporting, and books and records provisions of the federal securities laws." There would also be a $100,000 penalty to Brooge's former Chief Executive Officer ("CEO") Nicolaas Lammert Paardenkooper and Brooge's former interim CEO Lina Saheb. According to the SEC order, "both Paardenkooper and Saheb knew, or were reckless in not knowing, of the fraud."

Shares of Brooge Energy Limited (NASDAQ: BROG) declined from $6.3 per share in February 2023 to $2.36 per share on January 05, 2024.

Those who purchased shares of Brooge Energy Limited (NASDAQ: BROG) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Investigation announced for Investors who lost money with shares of Brooge Energy Limited (NASDAQ: BROG) over possible Violations of Securities Laws here

News-ID: 3360500 • Views:

More Releases from Shareholders Foundation

Biohaven Ltd. (NYSE: BHVN) Investor Alert: Deadline in Lawsuit on September 12, 2025
Biohaven Ltd. (NYSE: BHVN) Investor Alert: Deadline in Lawsuit on September 12, …
A deadline is coming up on September 12, 2025in the lawsuit filed for certain investors of Biohaven Ltd. (NYSE: BHVN) over alleged securities laws violations by Biohaven Ltd. Investors who purchased shares of Biohaven Ltd. (NYSE: BHVN) have certain options and there are strict and short deadlines running. Deadline: September 12, 2025. NYSE: BHVN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. According to the
Investigation announced for Long-Term Investors in shares of West Pharmaceutical Services, Inc. (NYSE: WST) over potential Wrongdoing
Investigation announced for Long-Term Investors in shares of West Pharmaceutical …
An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of West Pharmaceutical Services, Inc.. Investors who are current long term investors in West Pharmaceutical Services, Inc. (NYSE: WST) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in (NYSE: WST stocks follows a lawsuit filed
Investigation announced for Long-Term Investors in Open Lending Corporation (NASDAQ: LPRO) over potential Wrongdoing
Investigation announced for Long-Term Investors in Open Lending Corporation (NAS …
An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Open Lending Corporation. Investors who are current long term investors in Open Lending Corporation (NASDAQ: LPRO) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in NASDAQ: LPRO stocks follows a lawsuit filed against Open
Investigation announced for Long-Term Investors in shares in BigBear.ai Holdings, Inc. (NYSE: BBAI)
Investigation announced for Long-Term Investors in shares in BigBear.ai Holdings …
An investigation on behalf of current long-term investors in shares of BigBear.ai Holdings, Inc. (NYSE: BBAI) concerning potential breaches of fiduciary duties by certain directors and officers of BigBear.ai Holdings, Inc. was announced. Investors who are current long term investors in BigBear.ai Holdings, Inc. (NYSE: BBAI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm

All 5 Releases


More Releases for Brooge

Investigation announced for Long-Term Investors in shares of Brooge Energy Limit …
An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Brooge Energy Limited. Investors who are current long term investors in Brooge Energy Limited (NASDAQ: BROG) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in NASDAQ: BROG stocks follows a lawsuit filed against Brooge
Oil & Gas Terminals Market Eyeing Bigger Moves: Terminals, Brooge Energy, Shell, …
2024-2032 Report on Global Oil & Gas Terminals Market by Player, Region, Type, Application and Sales Channel is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Oil & Gas Terminals Market. Some of the key
Lawsuit filed for Investors who lost money with shares of Brooge Energy Limited …
An investor, who purchased shares of Brooge Energy Limited (NASDAQ: BROG), filed a lawsuit over alleged violations of Federal Securities Laws by Brooge Energy Limited /k/a Brooge Holdings Limited f/k/a Twelve Seas Investment Company. Investors who purchased a significant amount of shares of Brooge Energy Limited (NASDAQ: BROG) between November 25, 2019 and December 21, 2023, have certain options and for certain investors are short and strict deadlines running. Deadline: April
Navigating the Oil Storage Industry: Global Market Trends, Competitor Analysis, …
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032 The Business Research Company's Oil Storage Global Market Report 2023 the increase in the demand of crude oil supply is the major driver for the oil storage market's growth in the forecast period. Oil storage is used for storing crude oil, petroleum, and other oil products that
Oil Storage Market to Witness Robust Expansion By 2030 With Prominent Key Player …
Rapidly growing demand for oil in the transportation sector and the improved transportation infrastructure across developing and developed countries are the major factors fueling the growth of the oil storage market. In addition, an increase in investment toward the import of crude oil in emerging economic countries such as India and China has a positive impact on the demand for oil storage. Moreover, the increase in import and export activities
Global Oil Storage Market 2023 : SWOT Analysis Of Key Driving Factors For Growin …
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032 Oil Storage Market Size, Growth Rate, And Forecast The global oil storage market size grew from $9.41 billion in 2022 to $9.86 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic,