Law Offices of Howard G. Smith reminds investors of the upcoming October 15, 2024 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Stellantis N.V. (“Stellantis” or the “Company”) (NYSE: STLA) securities between February 15, 2024 to July 24, 2024, inclusive (the “Class Period”).
Investors suffering losses on their Stellantis investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com.
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, Stellantis’ stock price fell $1.94, or 9.9%, over two consecutive trading days to close at $17.66 per share on July 26, 2024, thereby injuring investors.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) the Company’s financial and operational problems, revenue lower than expected and expansions of the business not turning in their favor; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
If you purchased or otherwise acquired Stellantis securities during the Class Period, you may move the Court no later than October 15, 2024 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240828920081/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
