We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Switchback Energy Acquisition Corporation (“SBE” or the “Company”) (NYSE: SBE) in connection with the Company’s proposed merger with ChargePoint, Inc. (“ChargePoint”), a privately-held company and leader in the electric vehicle charging network industry. Under the terms of the merger agreement, SBE will acquire ChargePoint through a reverse merger that will result in ChargePoint becoming a publicly-listed company. The proposed transaction implies an enterprise value of approximately $2.4 billion for ChargePoint.
WeissLaw is investigating whether SBE’s board acted in the best interest of SBE’s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of ChargePoint, and whether all information regarding the valuation of the transaction will be fully and fairly disclosed to SBE public shareholders.\n\nWeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com