ChargePoint agrees to $11 million settlement in securities class action in California federal court

By Public Technologies
  • ChargePoint entered a term sheet on Sept. 28, 2026 to settle a U.S. securities class action in Northern California.
  • The proposed deal would resolve claims against ChargePoint, former CEO Pasquale Romano, former CFO Rex Jackson, former CRO Michael Hughes.
  • Settlement contemplates a USD 11 million cash payment, subject to court approval.
  • Funds would be placed in escrow within 21 days of preliminary approval or receipt of payment instructions, whichever is later.
  • ChargePoint expects to execute a final settlement agreement, then seek preliminary approval within 30 days of signing the term sheet.


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