Recent Securities Litigations
Blink Charging Co. Common Stock (NASDAQ: BLNK)
According to the Complaint, Blink Charging Company purports to be “a leading owner, operator, and provider of electric vehicle (‘EV’) charging equipment and networked charging services. Blink offers both residential and commercial EV charging equipment, enabling EV drivers to easily recharge at various location types.”
The Complaint alleges that during the Class Period, Defendants misled investors by misrepresenting and/or failing to disclose that: (i) many of Blink’s charging stations are damaged, neglected, non-functional, inaccessible, nor non-accessible; (ii) Blink’s purported partnerships and expansions with other companies were overstated; (iii) the purported growth of the Company’s network has been overstated; (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.