Investors of Stellantis urged to discuss losses over $100,000

Faruqi & Faruqi, LLP, a prominent national securities law firm, is currently investigating claims on behalf of investors who experienced losses exceeding $100,000 in Stellantis N.V. during the period from February 15, 2024, to July 24, 2024. The firm is actively encouraging these investors to contact partner Josh Wilson to explore their legal rights and options regarding potential claims against the company. A critical deadline of October 15, 2024, has been established for investors wishing to seek the role of lead plaintiff in a federal securities class action lawsuit. The impetus for this investigation stems from Stellantis's disappointing financial performance, which was publicly disclosed on July 25, 2024. The company reported a significant decline in earnings that fell short of market expectations, attributing the downturn to weak profit margins and elevated inventory levels within its U.S. operations. This announcement triggered a sharp decline in Stellantis's stock price, which fell by $1.51 per share, or 7.7%, closing at $18.09 per share on the same day. The allegations against Stellantis include claims of making false or misleading statements and failing to disclose material adverse facts related to its inventory and market performance. Investors who believe they have been affected by these issues are encouraged to come forward, as the firm is also seeking information from whistleblowers, former employees, and shareholders. Faruqi & Faruqi, LLP emphasizes that any member of the putative class can move to serve as lead plaintiff through their chosen counsel or may opt to remain an absent class member. The firm assures that the decision to serve as lead plaintiff will not impact an individual's ability to share in any potential recovery from the lawsuit.