Pomerantz LLP Opens Securities Fraud Investigation Into Greenland Energy's $70 Million Raise

Pomerantz LLP is investigating claims on behalf of investors of Greenland Energy Company over whether the company and certain officers or directors engaged in securities fraud or other unlawful business practices, the firm said in a FinancialContent Business Page release dated October 27, 2026. The investigation follows a short report that alleged Greenland Energy raised approximately $70 million from public markets.

Fugazi Research Report and the $70 Million Raise

On September 28, 2026, Fugazi Research published a short report on Greenland Energy Company titled "GLND: Billions of Barrels on Paper, Zero From a Well." The report described the stock as "uninvestable at any price above zero" and alleged that the exploration-stage company had raised approximately $70 million from public markets despite possessing zero revenue, zero production, and no proven oil or natural gas reserves. The report also alleged that the company's widely publicized "13 billion gross barrels" estimate was a highly speculative prospective resource figure mapping undiscovered accumulations across 58 separate prospects.

Following publication of the Fugazi Research report, Greenland Energy's stock price fell $0.68 per share, or 12.27%, to close at $4.86 per share on September 28, 2026. Pomerantz LLP is a plaintiff-side securities litigation law firm founded in 1936 that represents investors in securities class actions, corporate governance cases, and global investor recovery proceedings across six offices in the U.S., U.K., France, and Israel, according to company records. Investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

Pomerantz's Recovery Record

According to akta.pro company records, Pomerantz LLP achieved a $3 billion historic recovery for investors in the Petrobras securities litigation. The same records list a $350 million recovery for investors in United Healthcare and a $225 million recovery for investors in Comverse Technology, Inc. The firm maintains a global office network spanning New York, Chicago, Los Angeles, London, Paris, and Tel Aviv.

Pomerantz's Recent Securities Cases

On September 1, 2026, Pomerantz LLP announced a class action lawsuit against Taboola.com Ltd. over alleged securities fraud, with investors advised to contact the firm, FinancialContent Business Page reported. On August 25, 2026, the firm announced that a class action lawsuit had been filed against GPGI, Inc. alleging securities fraud or unlawful business practices by the company and certain officers or directors, FinancialContent Business Page reported. On August 21, 2026, Pomerantz Law Firm filed a class action lawsuit against Aardvark Therapeutics and its officers for alleged securities fraud related to the company's IPO and subsequent clinical trial data, FinancialContent Business Page reported.

Greenland Energy's 2027 Drilling Plan

Greenland Energy Company plans to drill its first well in eastern Greenland in 2027, partnering with British firm 80 Mile, Fox Business reported. The project holds sole oil permits and an independent report estimates up to 13 billion barrels of crude oil.