NEW
YORK, Aug. 19, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders
of Stellantis N.V. (NYSE: STLA).
Shareholders who purchased shares of STLA during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/stellantis-loss-submission-form/?id=96025&from=4
CLASS PERIOD: February 15,
2024 to July 24, 2024
ALLEGATIONS: 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.
DEADLINE: October 15, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/stellantis-loss-submission-form/?id=96025&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of STLA during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is October 15, 2024. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm