CRGE investors have the opportunity to drive Charge Enterprises, Inc. regarding securities fraud

LOS ANGELES, June 25, 2024 /PRNewswire/ — Law firms for Frank R. Cruz announces that investors with significant losses have the opportunity to exit the securities fraud class action lawsuit against Charge Enterprises, Inc. (“Fee” or the “Company”) (NASDAQ: CRGE).

Class period: December 15, 2021 – February 28, 2024
Lead plaintiff deadline: July 29, 2024

If you are a shareholder who suffered a loss, click here to participate.

Complaint filed claims that throughout the Claim Period, Defendants failed to disclose to investors that: (1) the Company was invested in an illiquid limited partnership; (2) the Company’s investments in KORR Acquisitions were “critical” to Charge’s liquidity and the failure to repay them directly resulted in the default under the Arena Notes; (3) the Company faced a severe liquidity crisis and risk of default in connection with the Arena Notes due to the failure of Orr and KORR Acquisitions to repay the Company’s funds; (4) Charge’s internal disclosure controls and procedures were not effective during the Class Period; and (5) as a result, Defendants’ positive statements about the Company’s business, operations and prospects were misleading and/or lacked a reasonable basis at all relevant times.

To become a member of the class action, you do not need to take any action at this time; you may hire a lawyer of your choice or take no action and remain an absentee member of the class action. If you would like to learn more about this class action or have any questions about this announcement or your rights or interests with respect to the pending class action, please contact Frank R. Cruzfrom the Law Firm Frank R. Cruz2121 Avenue of Stars, Apartment 800, Century City, California 90067 at 310-914-5007, email at (email protected)or visit our website www.frankcruzlaw.com. If you inquire by e-mail, please provide your mailing address, telephone number and the number of shares purchased.

This press release may be considered attorney advertising in some jurisdictions under applicable law and ethical principles.

SOURCE Law firms Frank R. Cruz, Los Angeles