ChargePoint Holdings Inc. and former top executives overcame allegations they left investors in the dark about supply chain holdups while touting the electric-vehicle charging company’s financial success.
Investors leading the case didn’t identify what supply chain issues contradicted ChargePoint’s statements, failing to plausibly plead falsity or a scheme to defraud by the company or three executives, Judge
While alleging ChargePoint faced supply chain problems when the Covid-19 pandemic began, the investors didn’t “specifically describe the supply constraints, articulate what products were affected, explain the impact of constraints in those product lines on ChargePoint’s ...