SAN DIEGO, Aug. 22, 2024 (GLOBE NEWSWIRE) — Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Stellantis N.V. (NYSE: STLA) securities between February 15, 2024 and July 24, 2024, inclusive (the “Class Period”), have until October 15, 2024 to seek appointment as lead plaintiff of the Stellantis class action lawsuit. Captioned Long v. Stellantis N.V., No. 24-cv-06196 (S.D.N.Y.), the Stellantis class action lawsuit charges Stellantis and certain of Stellantis’ top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Stellantis class action lawsuit, please provide your information here:
https://www.rgrdlaw.com/cases-stellantis-n-v-class-action-lawsuit-stla.html
You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the Stellantis class action lawsuit must be filed with the court no later than October 15, 2024.
CASE ALLEGATIONS: Stellantis designs, engineers, manufactures, distributes, and sells vehicles.
The Stellantis class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose material adverse facts concerning inventory levels, pricing, and market share stabilizations.
The Stellantis class action lawsuit further alleges that on July 25, 2024, Stellantis announced first half 2024 financial results and disappointing near-term revenue outlook. On this news, the price of Stellantis stock fell nearly 10% over two trading sessions, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Stellantis securities during the Class Period to seek appointment as lead plaintiff in the Stellantis class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Stellantis class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Stellantis class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Stellantis class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
https://www.rgrdlaw.com/services-litigation-securities-fraud.html
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Contact:
Robbins Geller Rudman & Dowd LLP
J.C. Sanchez, Jennifer N. Caringal
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
info@rgrdlaw.com
