CHPT - HAGENS BERMAN NATIONAL TRIAL ATTORNEYS Encourages ChargePoint (CHPT) Investors with Substantial Losses to Contact Firm's Attorneys Securities Fraud Class Action Filed Over Mispresenting Demand and Concealing Rising Inventory | Benzinga
SAN FRANCISCO, Nov. 30, 2023 (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 complaint alleges that Defendants misrepresented and concealed that: (1) ChargePoint was experiencing higher component costs and supply overruns for first generation DC charging products; (2) that, as a result, the Company was likely to incur impairment charges; (3) that, as a result of the foregoing, the Company's profitability would be adversely impacted; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
The truth began to emerge on Sep. 6, 2023, when ChargePoint reported its 2Q 2024 financial results, including a "$28.0 million, ...
CHPT) Investors with Substantial Losses to Contact Firm's Attorneys, Securities Fraud Class Action Filed Over Mispresenting Demand and Concealing Rising Inventory>Full story available on Benzinga.com