ChargePoint Investors Advance Suit Over Supply Chain Issues (1)

ChargePoint Holdings Inc. and former top executives must defend against allegations they concealed supply chain holdups and deceptive sales practices from investors while touting the electric-vehicle charging company’s financial success.

The lead investors’ new complaint addressed Judge Noël Wise‘s concerns with a prior version, the US District Court for the Northern District of California judge said. Wise denied ChargePoint and the executives’ bid to dismiss the proposed class action Thursday.

This complaint was “no longer a presentation of conclusory allegations,” Wise said. Rather, it’s “a methodical, chronological presentation” of investor allegations tying their theories of securities fraud by ...