CHPT - ChargePoint (CHPT) Faces Lawsuit for Allegedly Misrepresenting Demand and Conceals Rising Inventory – Hagens Berman | Benzinga

SAN FRANCISCO, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges ChargePoint Holdings, Inc. (NYSE:CHPT) investors who suffered substantial losses to submit your losses now.

Class Period: June 1, 2023 – Nov. 16, 2023
Lead Plaintiff Deadline: Jan. 29, 2024
Visit: www.hbsslaw.com/investor-fraud/CHPT
Contact An Attorney Now: CHPT@hbsslaw.com
                                                844-916-0895

ChargePoint Holdings, Inc. (NYSE:CHPT) Securities Fraud Class Action:

"The litigation focuses on whether ChargePoint may have misrepresented product demand and omitted to disclose rising inventory costs," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation.

On Dec. 6, ChargePoint posted disappointing quarterly results, reporting a fiscal third-quarter net loss of $158.2 million, or 43 cents a share, compared with a net loss of $84.5 million, or 25 cents a share, in the year-ago quarter. Revenue also declined 12% to $110.3 million from $124.3 million a year ago, missing analyst expectations.

The poor results come on the heels of a recently filed securities class action suit. The complaint there alleges that Defendants misrepresented and concealed that: (1) ChargePoint was experiencing higher component ...

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