CHPT - HAGENS BERMAN NATIONAL TRIAL ATTORNEYS Encourages ChargePoint (CHPT) Investors with Substantial Losses to Contact Firm Investor Fraud Lawsuit Filed for Allegedly Misrepresenting Demand and Concealing Rising Inventory | Benzinga

SAN FRANCISCO, Jan. 12, 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 ...

CHPT) Investors with Substantial Losses to Contact Firm, Investor Fraud Lawsuit Filed for Allegedly Misrepresenting Demand and Concealing Rising Inventory>Full story available on Benzinga.com