Stellantis Investors Have Opportunity to Lead Securities Fraud Lawsuit
October 15, 2024, Deadline Approaches
Investors in Stellantis N.V. (NYSE: STLA) who purchased securities between February 15, 2024, and July 24, 2024, have an important deadline approaching. The Rosen Law Firm, a global leader in investor rights, has issued a reminder that the deadline to apply to become the lead plaintiff in a securities fraud class action lawsuit is October 15, 2024.
Why This Matters
If you bought Stellantis securities during the specified period, you might be eligible for compensation under a contingency fee arrangement, which means you won't need to pay any out-of-pocket fees or costs. A class action lawsuit has already been filed, and potential plaintiffs can join the case to seek redress for their investment losses.
What the Lawsuit Is About
The lawsuit alleges that during the Class Period, Stellantis executives provided misleading information about the company's expected performance. Specifically, the company was said to have made overly optimistic statements regarding its revenue projections, inventory levels, pricing strategies, and market position for 2024. These statements included a forecast of double-digit adjusted operating income (AOI) margin and positive industrial free cash flow.
However, the lawsuit claims that while Stellantis was communicating these positive projections, it was also concealing significant adverse facts. These included issues with inventory levels, pricing stability, and market share. According to the lawsuit, when these concealed details became known, investors experienced financial losses.
How to Get Involved
To join the class action, interested parties can visit the Rosen Law Firm’s website at this link, call Phillip Kim, Esq. toll-free at 866-767-3653, or email [email protected]. Those wishing to serve as lead plaintiff must file their motion with the court by October 15, 2024. The lead plaintiff will represent the class in directing the litigation.
Important Notes
Links for More Information:
October 15, 2024, Deadline Approaches
Investors in Stellantis N.V. (NYSE: STLA) who purchased securities between February 15, 2024, and July 24, 2024, have an important deadline approaching. The Rosen Law Firm, a global leader in investor rights, has issued a reminder that the deadline to apply to become the lead plaintiff in a securities fraud class action lawsuit is October 15, 2024.
Why This Matters
If you bought Stellantis securities during the specified period, you might be eligible for compensation under a contingency fee arrangement, which means you won't need to pay any out-of-pocket fees or costs. A class action lawsuit has already been filed, and potential plaintiffs can join the case to seek redress for their investment losses.
What the Lawsuit Is About
The lawsuit alleges that during the Class Period, Stellantis executives provided misleading information about the company's expected performance. Specifically, the company was said to have made overly optimistic statements regarding its revenue projections, inventory levels, pricing strategies, and market position for 2024. These statements included a forecast of double-digit adjusted operating income (AOI) margin and positive industrial free cash flow.
However, the lawsuit claims that while Stellantis was communicating these positive projections, it was also concealing significant adverse facts. These included issues with inventory levels, pricing stability, and market share. According to the lawsuit, when these concealed details became known, investors experienced financial losses.
How to Get Involved
To join the class action, interested parties can visit the Rosen Law Firm’s website at this link, call Phillip Kim, Esq. toll-free at 866-767-3653, or email [email protected]. Those wishing to serve as lead plaintiff must file their motion with the court by October 15, 2024. The lead plaintiff will represent the class in directing the litigation.
Important Notes
- Class Certification: No class has been certified yet. Until that happens, investors are not represented by counsel unless they retain one. Investors can choose their own legal representation or remain absent from the class if they prefer.
- No Obligation: You are not required to serve as lead plaintiff to share in any potential future recovery. Your ability to receive compensation is not contingent on your role in the lawsuit.
Links for More Information:
- LinkedIn: Rosen Law Firm LinkedIn
- Twitter: Rosen Law Firm Twitter
- Facebook: Rosen Law Firm Facebook