Pomerantz Appointed Lead Counsel in Volta Securities Litigation

On November 25, 2022, U.S. District Judge Jon S. Tigar of the Northern District of California appointed Pomerantz LLP as Lead Counsel on behalf of Steve Padget – the Lead Plaintiff, and the class, in Kampe v. Volta Inc., 22-cv-2055 (N.D. Cal.). This securities class action alleges that Volta Inc. misled the market regarding the accuracy of its financial reporting and strength of its financial results. Volta owns and operates a network of electric vehicle (EV) charging stations across the United States. The Company was formed as a result of a business combination in August 2021 between Volta Industries, Inc. and Tortoise Acquisition Corp. II, a special purpose acquisition company. Allegations against Volta include that…