Kaskela Law LLC is investigating Blink Charging Company (“Blink” or the “Company”) (NASDAQ: BLNK) on behalf of the Company’s stockholders.
Recently an amended securities fraud complaint was filed against Blink on behalf of certain investors who purchased shares of the Company’s common stock between March 6, 2020 and August 19, 2020. According to the complaint, during that time period Blink and certain of the Company’s senior executive officers made a series of false and/or misleading statements to investors concerning the size and functionality of Blink’s electric vehicle (“EV”) charging station network.
As detailed in the complaint, on August 19, 2020, analyst Culper Research published a blistering report entitled “Blink Charging Co. (BLNK): You Won’t Miss It” (the “Culper Report”). Among other things, the Culper Report stated that Blink has “vastly exaggerated the size of its EV charging network in order to siphon money from the pockets of investors to insiders.” Following the Culper Report, shares of Blink’s common stock declined over 22% in value over two trading days, to close on August 20, 2020 at $7.94 per share.
The investigation seeks to determine whether the members of Blink’s board of directors breached their fiduciary duties to the Company and its stockholders in connection with the above alleged misconduct.
Current Blink stockholders who purchased shares of the Company’s common stock prior to August 19, 2020 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by completing the form on this page, for additional information about this investigation and their legal rights and options.