Charge Enterprises, Inc. (OTC: CRGEQ)

This lawsuit is for anyone who acquired securities in Charge Enterprises, Inc. (OTC: CRGEQ) from December 15, 2021 through February 28, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company had sufficient assets to pay its debts, most importantly to its senior lender, Arena Investors, when the Company knew that it was not liquid because it had been unable to recover its assets from its asset manager, KORR Value.

Over the course of several years, the Company partially disclosed its liquidity issues, with corresponding drops in the Company’s stock price. Finally, on February 28, 2024, Charge announced that it had entered into a Restructuring Support Agreement with two affiliates of Arena. The following day, on February 29, 2024, NASDAQ suspending trading of Charge common stock.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Charge Enterprises, Inc. (OTC: CRGEQ) from December 15, 2021 through February 28, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.