Stellantis N.V.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
On July 25, 2024, Stellantis released its financial report for the first half of 2024. The report showed that the company did not meet analysts’ expectations and was predicting a disappointing outlook in the near future.
Following this announcement, Stellantis’ stock price dropped by $1.94, or 9.9%, over two days, ending at $17.66 per share on July 26, 2024. This decline negatively impacted investors.
The class action complaint claims that during the Class Period, the defendants made false or misleading statements and failed to reveal important negative information about the company’s financial health, operations, and future prospects. Specifically, the defendants did not disclose: (1) the company’s financial and operational issues, lower-than-expected revenue, and unsuccessful business expansions; and (2) that their positive statements about the company’s business and future prospects were misleading or lacked a solid basis at all relevant times.
