| COMPANY |
ChargePoint Holdings, Inc. |
| COURT |
United States District Court for the Northern District of California |
| CASE NUMBER |
23-cv-06172 |
| JUDGE |
The Hon. Patrick Casey Pitts |
| CLASS PERIOD |
December 7, 2021 through November 16, 2023 |
| SECURITY TYPE |
Securities |
Case Background:
This is a class action lawsuit on behalf of those who purchased or acquired ChargePoint Holdings, Inc. (“ChargePoint”) (NYSE: CHPT) securities between December 7, 2021 and November 16, 2023, both dates inclusive (the “Class Period”).
The Complaint alleges that, during the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) ChargePoint was experiencing higher component costs and supply overruns for first generation DC charging products; (2) as a result, the company was likely to incur impairment charges; (3) as a result of the foregoing, the company’s profitability would be adversely impacted; and (4) as a result, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On May 16, 2024, The Court entered an Order Consolidating Cases, Appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed the First Amended Complaint on July 19, 2024. The action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.