NEW
YORK, May 28, 2024 /PRNewswire/ -- Moore Law,
PLLC, a securities and shareholder law firm located on Wall Street,
is investigating potential claims against:
- ChargePoint Holdings, Inc. ("ChargePoint") (NYSE:
CHPT)
Shareholders who acquired before December 7, 2021 should email:
Fletcher@fmoorelaw.com
ChargePoint provides networked solutions for charging electric
vehicles, including the ChargePoint cloud subscription platform and
charging hardware.
In September and November 2023,
ChargePoint announced impairment charges and disappointing revenue.
These negative announcements, among other reasons, crashed the
stock from $7.44 on September 1, 2023 to $2.02 on November 17,
2023. ChargePoint's CEO and CFO were both replaced.
CharePoint stock is down 82% over the last 12 months.
The investigation concerns misrepresentations and/or failure 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.
A few months before the November
2023 announcement, several ChargePoint insiders, including
the former CFO, collectively sold around $30,000,000 in ChargePoint stock.
If you own ChargePoint Holdings, Inc. (NYSE: CHPT),
please contact Fletcher Moore by email
at fletcher@fmoorelaw.com or (212) 709-8245. There is no cost
to you. We will never send you a bill or ask for payment. Attorney
advertising. Prior results do not guarantee similar outcomes.
ABOUT MOORE LAW PLLC
Moore Law is a NYC plaintiff litigation law firm for investors.
We hold officers and directors accountable for breaches of
fiduciary duty, fraud, insider trading, wasteful
spending, and other corporate malfeasance. There is no cost to you.
Our investor cases are contingency only.
Fletcher Moore, Esq.
Moore Law, PLLC
fletcher@fmoorelaw.com
(212) 709-8245
www.fmoorelaw.com
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