Stellantis N.V. (NYSE: STLA)

This lawsuit is for anyone who acquired securities in Stellantis N.V. (NYSE: STLA) from February 15, 2024 through July 24, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely disclose to investors that the Company would have to eliminate under-performing brands and reduce inventory to increase future profitability.

On July 25, 2024, Stellantis released its semi-annual financial report for the first six months of 2024, revealing that the Company had missed consensus estimates and were expected a disappointing “near-term outlook.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Stellantis N.V. (NYSE: STLA) from February 15, 2024 through July 24, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.