Security Investigation
Stellantis N.V. (NYSE: STLA)
34 Days left to seek lead plaintiff status.
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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 15, 2024 to file lead plaintiff applications in a securities class action lawsuit against Stellantis N.V. (NYSE: STLA).
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.
If you purchased securities of Stellantis and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.
The case is Long v. Stellantis N.V., et al., No. 24-cv-06196.