NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Blink Charging Co. (NASDAQ: BLNK) resulting from allegations that Blink may have issued materially misleading business information to the investing public.
On August 19, 2020, Culper Research released a report on Blink entitled “Blink Charging Co. (BLNK): You Won’t Miss It.” The Culper Research report alleged that “the Company has vastly exaggerated the size of its EV charging network in order to siphon money from the pockets of investors to insiders.” The Culper Research report also stated “Blink claims that ‘EV drivers can easily charge at any of its 15,000 charging stations’ but we estimate the Company’s functional public charging station network consists of just 2,192 stations, a mere 15% of this claim.” The Culper Research report continued, stating that its “investigators confirmed what Blink’s financials already suggest: almost no one uses Blink’s charging stations, many of which are in utterly decrepit condition.”
On this news, the price of Blink shares fell sharply during intraday trading August 20, 2020.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Blink’s investors. If you purchased shares of Blink, please visit the firm’s website at http://www.rosenlegal.com/cases-register-1931.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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