ChargePoint Defeats Investors’ Lawsuit Over Supply Chain Issues

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 Noël Wise said while dismissing the suit.

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 ...