Overview

• ChargePoint Holdings, Inc. is facing a class action securities lawsuit, with investors alleging securities fraud between June 1, 2023 and November 16, 2023.
• The lawsuit alleges that ChargePoint made false statements and concealed higher component costs and supply overruns for first-generation DC charging products, which led to impairment charges.
• Due to these issues, the company's profitability was adversely impacted, and the defendants' positive statements about the company's business, operations, and prospects were allegedly materially misleading.
• Investors who suffered a loss in ChargePoint during the relevant time frame have until January 29, 2024 to request that the court appoint them as lead plaintiff.
• Several law firms, including Levi & Korsinsky, LLP, Kuznicki Law PLLC, and Pomerantz Law Firm, are notifying investors and investigating the claims.