CHPT - Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against ChargePoint Holdings Inc. (CHPT) | Benzinga
LOS ANGELES, Dec. 05, 2023 (GLOBE NEWSWIRE) --
Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming January 29, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors 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").
If you suffered a loss on your ChargePoint investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/ChargePoint-Holdings-Inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
On September 6, 2023, after the market closed, ChargePoint reported its second quarter fiscal year 2024 financial results, including an "$28.0 million, or 19 percentage point, inventory impairment charge." The Company stated the "inventory impairment charge was taken to address legacy supply chain-related costs and supply overruns on a particular DC product." As a result, the Company reported a second quarter GAAP gross margin of 1%, down from 17% in the prior year's ...
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