Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired ChargePoint Holdings, Inc. (“ChargePoint”) (NYSE: CHPT) securities between December 7, 2021 and November 16, 2023, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) ChargePoint was experiencing higher component costs and supply overruns for first generation DC charging products; (2) as a result, the company was likely to incur impairment charges; (3) as a result of the foregoing, the company’s profitability would be adversely impacted; and (4) as a result, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On September 17, 2025, Defendants filed a Motion to Dismiss. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.