In re ChargePoint Holdings, Inc. Derivative Litigation
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 7 Case No. 24-cv-00149-EKL IN RE CHARGEPOINT HOLDINGS, INC. (Consolidated) DERIVATIVE LITIGATION _____________________________________ ORDER TO SHOW CAUSE AS TO
WHY THE CASE SHOULD NOT
This Document Relates to: BE STAYED
ALL ACTIONS
13 14 15 Having reviewed the Parties’ Joint Case Management statement filed on September 16, 2024, ECF No. 51, it appears a stay in this action may be appropriate. This case raises similar allegations to the securities class action that is before this Court in Khan v. ChargePoint Holdings, Inc., 23-cv-06172-EKL. “Courts generally stay a shareholder derivative suit until the culmination of a securities class action when the cases arise from the same factual allegations and the evidence in the former could jeopardize the company’s defense in the latter.” In re STEC, Inc. Derivative Litig., No. CV 10-00667-JVS (MLGx), 2012 WL 8978155, at *4 (C.D. Cal. Jan. 11, 2012); see also, e.g., In re RH…