Brooge Energy Limited (NASDAQ: BROG)

This lawsuit is for anyone who acquired securities in Brooge Energy Limited (NASDAQ: BROG) from November 25, 2019 through December 21, 2023.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by engaging in undisclosed fraudulent accounting activity.

On December 22, 2023, Brooge disclosed that it agreed to a $5 million settlement with the U.S. Securities and Exchange Commission “related to alleged fraudulent accounting and offering conduct by the Company and two former officers.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Brooge Energy Limited (NASDAQ: BROG) from November 25, 2019 through December 21, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.