Investigation announced for Long-Term Investors who lost money with shares of ChargePoint Holdings, Inc. (NYSE: CHPT)

An investigation was announced for current long-term investors in shares of ChargePoint Holdings, Inc. (NYSE: CHPT) concerning potential breaches of fiduciary duties by certain directors and officers of ChargePoint Holdings, Inc.

Investors who are current long term investors in ChargePoint Holdings, Inc. (NYSE: CHPT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: CHPT stocks follows a lawsuit filed against ChargePoint Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: CHPT stocks, concerns whether certain ChargePoint Holdings, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, the Defendants failed to disclose to investors the Company was experiencing higher component costs and supply overruns for first generation DC charging products that, as a result, the Company was likely to incur impairment charges, that, as a result of the foregoing, the Company's profitability would be adversely impacted, and 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.

Those who purchased shares of ChargePoint Holdings, Inc. (NYSE: CHPT) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.