Pomerantz Law Firm Investigates Greenland Energy (GLND) Following Short Seller Report
Pomerantz LLP has launched an investigation into Greenland Energy Company (NASDAQ: GLND) to determine if the company or its executives engaged in securities fraud. The probe follows a critical short report released by Fugazi Research on September 28, 2026, which labeled the stock 'uninvestable.' The Fugazi Research report alleged that Greenland Energy raised approximately $70 million from public markets despite having no revenue, no production, and no proven reserves. It further challenged the company's claim of possessing 13 billion gross barrels, characterizing it as a speculative figure rather than proven assets. Following these allegations, GLND shares dropped 12.27% in a single session.
Topics: class action lawsuit investor protection securities fraud investigation short report