Stellantis N.V.

Passed

Class Action Period:
February 15, 2024 - July 24, 2024

Lead Plaintiff Deadline:
October 15, 2024

Case Form

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First Name

Last Name

Phone

Street Address

City

State

Zip

Shares Purchased

Purchase Date

Estimated Loss

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Allegations

According to the complaint, Stellantis issued a press release on July 25, 2024, announcing its financial results for the first half of 2024. The Company reported a steep drop in earnings that fell below forecasts, citing weak margins and high inventory at its U.S. operations. In addition, Stellantis’s Chief Executive Officer Carlos Tavares indicated that the Company was ready to dispose of underperforming brands in its portfolio, while Chief Financial Officer Natalie Knight disclosed the need to take “decisive actions to address operational challenges” in North America, including reducing production and prices for the Company’s vehicles. Following this news, Stellantis’s stock price fell over 7% the same day.

Eligibility

In order to be included in the lawsuit, you must have incurred a loss on shares of Stellantis purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Stellantis during the relevant time frame, you have until October 15, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.