According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that:
- ChargePoint was experiencing higher component costs and supply overruns for first generation direct current (“DC”) charging products;
- as a result, ChargePoint was likely to incur impairment charges;
- as a result of the foregoing, ChargePoint’s profitability would be adversely impacted; and
- as a result of the foregoing, defendants’ positive statements about ChargePoint’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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