According to the Complaint, Charge Enterprises, Inc. is an electrical, broadband, and EV charging infrastructure company.

KORR Acquisitions Group, Inc. is a registered investment advisor that provided investment advisory services to Charge during the Class Period.

On May 3, 2024, Charge terminated the registration of its common stock. Charge’s common stock was effectively cancelled by the confirmation of its bankruptcy plan, and as of May 6, 2024, traded under $0.01 per share.

The Complaint alleges that during the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants issued materially false and misleading statements regarding the nature of Charge’s relationship with KORR Acquisitions, the degree of control that KORR Acquisitions exercised over Charge assets that were “critical” to the Company’s liquidity, and the nature of the investments that KORR Acquisitions held on the Company’s behalf, as well as materially false and misleading statements about the Company’s risk policies, procedures, and compliance oversight functions, exposing the Company and its investors to substantial losses.

On August 29, 2024, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an Amended Complaint on November 5.

On November 14, 2024, two of the Lead Plaintiffs voluntarily dismissed their claims. On December 5, the Court issued an Order substituting Lead Plaintiff and Counsel.

Lead Plaintiff filed a second Amended Complaint on January 17, 2025. On March 10, Lead Plaintiff filed a third Amended Complaint. Defendants filed a Motion to Dismiss the third Amended Complaint on April 14.

Lead Plaintiff filed a fourth Amended Complaint on May 19, 2025. Defendants filed a Motion to Dismiss the fourth Amended Complaint on June 23. On June 24, the Court denied the earlier filed Motion to Dismiss as moot.