SAN
FRANCISCO, Dec. 8, 2022 /PRNewswire/ -- Schubert
Jonckheer & Kolbe LLP is investigating potential derivative
claims on behalf of shareholders of Blink Charging Company (NASDAQ:
BLNK) relating to securities law violations and unlawful business
practices.
Blink provides electric vehicle charging equipment and networked
charging services. Blink is currently named in a securities class
action lawsuit filed in the U.S. District Court for the Southern
District of Florida in which the
plaintiffs allege that (a) many of Blink's charging stations were
damaged, neglected, non-functional, inaccessible, or
non-accessible; (b) Blink's purported partnerships with other
companies were overstated; (c) the purported growth of Blink's
network was overstated; and (d) accordingly, Blink's positive
public statements to the market were materially false and
misleading. On August 20, 2020, Blink's stock price fell by
22.4% after a critical analyst report revealed that Blink's revenue
growth lagged far behind in the electric vehicle industry due to
product quality issues, customer churn, and user experience.
The Schubert Firm is investigating potential breaches of
fiduciary duty by Blink's officers and directors in connection with
these allegations.
If you own stock in Blink and wish to obtain additional
information about your legal rights, please contact us today or
visit our website at
https://www.classactionlawyers.com/blink.
About Schubert Jonckheer & Kolbe LLP
Schubert Jonckheer & Kolbe represents shareholders, employees,
and consumers in class actions against corporate defendants, as
well as shareholders in derivative actions against their officers
and directors. The firm is based in San
Francisco, and with the help of co-counsel, litigates cases
nationwide.
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SOURCE Schubert Jonckheer & Kolbe LLP