Reported about 2 months ago
Stellantis shareholders have initiated a lawsuit in the U.S., claiming the automaker misled them by downplaying rising inventories and operational weaknesses before reporting disappointing earnings that led to a stock price drop. The lawsuit alleges that Stellantis inflated its share value in 2024 through overly optimistic assessments about its financial health. Following the revelation of a 40% decline in first-half adjusted operating income, the company's shares fell significantly. Stellantis asserts that the lawsuit has no merit and plans to defend itself vigorously.
Source: YAHOO