• Lost Money on Stellantis N.V.(STLA)? Join Class Action Suit Seeking Rec

    From Leroy N. Soetoro@21:1/5 to All on Sat Sep 28 00:45:08 2024
    XPost: alt.cars.jeep, rec.autos.makers.chrysler, talk.politics.guns
    XPost: sac.politics, alt.politics.economics

    https://www.myhighplains.com/business/press- releases/cision/20240927NY16933/lost-money-on-stellantis-n-v-stla-join- class-action-suit-seeking-recovery-contact-levi-korsinsky/

    NEW YORK, Sept. 27, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Stellantis N.V. ("Stellantis" or the "Company") (NYSE: STLA)
    of a class action securities lawsuit.

    CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of
    Stellantis investors who were adversely affected by alleged securities
    fraud between February 15, 2024 and July 24, 2024. Follow the link below
    to get more information and be contacted by a member of our team:

    https://zlk.com/pslra-1/stellantis-lawsuit-submission-
    form?prid=105310&wire=4

    STLA investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

    CASE DETAILS: According to the complaint, Stellantis issued a press
    release on July 25, 2024, announcing its financial results for the first
    half of 2024. The Company reported a steep drop in earnings that fell
    below forecasts, citing weak margins and high inventory at its U.S.
    operations. In addition, Stellantis's Chief Executive Officer Carlos
    Tavares indicated that the Company was ready to dispose of underperforming brands in its portfolio, while Chief Financial Officer Natalie Knight
    disclosed the need to take "decisive actions to address operational
    challenges" in North America, including reducing production and prices for
    the Company's vehicles. Following this news, Stellantis's stock price fell
    over 7% the same day.

    WHAT'S NEXT? If you suffered a loss in Stellantis during the relevant time frame, you have until October 15, 2024 to request that the Court appoint
    you as lead plaintiff. Your ability to share in any recovery doesn't
    require that you serve as a lead plaintiff.

    NO COST TO YOU: If you are a class member, you may be entitled to
    compensation without payment of any out-of-pocket costs or fees. There is
    no cost or obligation to participate.

    WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky
    has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a
    team of over 70 employees to serve our clients. For seven years in a row,
    Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top
    50 Report as one of the top securities litigation firms in the United
    States.

    CONTACT:
    Levi & Korsinsky, LLP
    Joseph E. Levi, Esq.
    Ed Korsinsky, Esq.
    33 Whitehall Street, 17th Floor
    New York, NY 10004
    jlevi@levikorsinsky.com
    Tel: (212) 363-7500
    Fax: (212) 363-7171
    www.zlk.com

    View original content to download multimedia:https://www.prnewswire.com/news-releases/lost-money-on- stellantis-nvstla-join-class-action-suit-seeking-recovery--contact-levi-- korsinsky-302260203.html

    SOURCE Levi & Korsinsky, LLP

    NOTE: This content is not written by or endorsed by "KAMR/KCIT", its advertisers, or Nexstar Media Inc.


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