NEW YORK, Aug. 22, 2020 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP is investigating potential claims against Blink Charging Co. (“Blink” or the “Company”) (NASDAQ: BLNK). The investigation centers on whether Blink Charging and some of its executives may be liable for securities fraud.
On August 19, 2020, Culper Research (“Culper”) published a report characterizing Blink as “a scheme designed by Chairman and CEO Michael D. Farkas to pillage minority investors to the benefit of insiders.” Among other issues, the Culper report opined “that the Company has vastly exaggerated the size of its EV [electric vehicle] charging network,” estimating that “the Company’s functional public charging station network consists of just 2,192 stations, a mere 15%” of the 15,000 stations that Blink has claimed to operate. On this news, Blink’s stock price fell sharply, to close at $9.45 per share on August 19, 2020.
If you purchased or otherwise acquired Blink securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.
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Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-371-6600
https://www.kmllp.com
investigations@kmllp.com