{"id":11293,"date":"2024-02-08T22:54:23","date_gmt":"2024-02-08T22:54:23","guid":{"rendered":"https:\/\/www.johnsonfistel.com\/?post_type=investigations&p=11293"},"modified":"2024-02-08T22:55:06","modified_gmt":"2024-02-08T22:55:06","slug":"brooge-energy-class-action","status":"publish","type":"investigations","link":"https:\/\/www.johnsonfistel.com\/investigations\/brooge-energy-class-action","title":{"rendered":"Brooge Energy Limited"},"content":{"rendered":"\n

BROG NEWS: Johnson Fistel Encourages Brooge Energy Investors to Seek Counsel Before Lead Plaintiff Class Action Deadline<\/h2>\n\n\n\n

Johnson Fistel, LLP notifies investors of Brooge Energy Limited (NASDAQ: BROG) that a securities class action lawsuit has been filed.<\/p>\n\n\n\n

The complaint alleges Brooge made misleading statements and failed to disclose that it: (1) overstated revenues because it never received any revenues from related party A1 Brooge International Advisory LLC (“BIA”), as well as from another fake customer (“Customer A”); (2) engaged in a complex pattern of payments with BIA to create the illusion of revenues from BIA and another customer who had no knowledge of the fraud; (3) intentionally lied to its auditors and the SEC about its fraudulent activities; and (4) lacked internal controls.<\/p>\n\n\n