CHPT - Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed on Behalf of ChargePoint Holdings Inc. (CHPT) Investors and Encourages Investors to Contact the Firm Before January 29 2024 | Benzinga
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired ChargePoint Holdings, Inc. ("ChargePoint" or the "Company") (NYSE:CHPT) securities during the period from June 1, 2023 through November 16, 2023 (the "Class Period"). Investors have until January 29, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
On September 6, 2023, ChargePoint reported its second quarter fiscal year 2024 financial results, including a $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 same quarter. On this news, the price of ChargePoint ...
CHPT) Investors and Encourages Investors to Contact the Firm Before January 29, 2024>Full story available on Benzinga.com