Charge Enterprises, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - CRGE

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Aug 08, 2024, 19:25 ET

LOS ANGELES, Aug. 8, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Charge Enterprises, Inc. ("Charge" or "the Company") (NASDAQ: CRGE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of CRGE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CASE DETAILS: The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Charge admitted on November 21, 2023, that it had received a default notice from its senior lender, Arena Investors, LP ("Arena"). The Company further informed the market that its claim of holding "approximately $9.9 million of Company assets . . . in the form of cash, cash equivalents, marketable securities or similar readily liquid assets" was false. These funds had been invested in an illiquid limited partnership interest and were thus "not immediately able to be liquidated or readily accessible." Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Charge, investors suffered damages.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

Eastchester, NY 10709

Phone: 914-206-9742

Email: [email protected]

SOURCE DJS Law Group LLP