Archived Investigations

Stellantis N.V. (NYSE: STLA)

Company Name:Stellantis N.V.

Stock Symbol:NYSE: STLA

Court:Southern District of New York

Class Period Start:02/15/2024

Class Period End (inclusive):07/24/2024

Filing Deadline:The deadline has passed.

August 19, 2024

Stellantis and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On July 25, 2024, the Company announced its first half 2024 financial results, disclosing disappointing news, including “[n]et revenues of €85.0 billion, down 14% compared to H1 2023, primarily due to the decline in volume and mix; net profit of €5.6 billion, down 48% compared to H1 2023, primarily due to lower volume and mix, headwinds from foreign exchange and restructuring costs; adjusted operating income of €8.5 billion, down €5.7 billion compared to H1 2023, primarily due to decreases in North America.”

On this news, the price of Stellantis’ shares fell from a closing price of $19.60 per share on July 24, 2024 to $17.66 per share on July 26, 2024.

The case is Long v. Stellantis N.V., et al., No. 24-cv-06196.

Click here to read the first filed complaint.

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Topics:

What Information Do We Collect About You?
How Do We Collect Information About You?
How Will We Use Information We Collect About You?
Marketing
Access to Your Information and Correction
Your California Privacy Rights
Cookies
Data Retention and Storage
Changes to Our Privacy Policy
How to Contact Us