CHARGEPOINT HOLDINGS, INC. (CHPT) - The Securities Law Firm of Menzer & Hill, P.A. Is Pursuing Claims Against Those Broker-Dealers That Failed to Inform Its Clients of the Warrant Redemption Deadline
Boca Raton, Florida--(Newsfile Corp. - July 30, 2021) - The Securities Law Firm of Menzer & Hill, P.A. (www.menzerhill.com) announced today that it is pursuing claims against those brokerage firms, including, but not limited to; TD Ameritrade, Charles Schwab and any other broker-dealers, that either failed to or improperly notified its clients that CHARGEPOINT (NYSE: CHPT) was redeeming all outstanding public warrants on July 6, 2021.
The last trading price for the CHARGEPOINT WARRANTS (NYSE: CHPT.WT) were $20.53, when they were in-the-money. Nonetheless, investors that were uninformed or improperly notified of the redemption deadline and failed to sell or exercise such warrants, instead, received $0.01 per warrant from CHARGEPOINT.
Fortunately, those investors that incurred losses investing in CHARGEPOINT WARRANTS (NYSE: CHPT.WT) may be able to recover those losses through the FINRA arbitration process. Under FINRA rules and regulations, all Broker-Dealers are required to follow FINRA rules and regulations, as there is no carveout for a brokerage firm if it happens to be self-directed or full-service. Broker-dealers receive notices of corporate actions to include a redemption of an issuer's warrants and are required to adequately inform their customers holding these warrants of the notice of redemption. Had these investors been duly informed of the notice of redemption, they would have had the ability to either sell their warrants in the open market or exercise them to purchase shares from the issuer.
Investors that incurred investment losses related to CHARGEPOINT WARRANTS should contact the attorneys at the Securities Law Firm of Menzer & Hill, P.A. to determine if they have a claim for a recovery of losses.
For a free case evaluation or to discuss any other investment losses, please contact the Securities Law Firm of Menzer & Hill, P.A., at 888-923-9223, or visit us on the web at www.menzerhill.com.
The Securities Law Firm of Menzer & Hill, P.A.
Gary Menzer - 888-923-9223
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91725