Lost Money on Stellantis N.V.(STLA)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky

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 
[email protected] 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
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

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SOURCE Levi & Korsinsky, LLP

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