CHPT - Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against ChargePoint Holdings Inc. (CHPT) | Benzinga

NEW YORK, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired ChargePoint Holdings Inc. ("ChargePoint" or the "Company") (NYSE:CHPT) securities between June 1, 2023 and November 16, 2023, inclusive (the "Class Period").

The Complaint alleges that Defendants failed to disclose to investors: (i) the Company was experiencing higher component costs and supply overruns for first generation DC charging products; (ii) that, as a result, the Company was likely to incur impairment charges; (iii) that, as a result of the foregoing, the Company's profitability would be adversely impacted; and (iv) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, ...

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