Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Stellantis N.V. (“Stellantis” or the “Company”) (NYSE: STLA) securities between February 15, 2024 to July 24, 2024, inclusive (the “Class Period”). Stellantis investors have until October 15, 2024 to file a lead plaintiff motion.

Investors suffering losses on their Stellantis investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On July 25, 2024, Stellantis released its semi-annual financial report for the first six months of 2024, revealing that the Company had missed consensus estimates and were expected a disappointing “near-term outlook.”

On this news, Stellantis’ stock price fell $1.94, or 9.9%, over two consecutive trading days to close at $17.66 per share on July 26, 2024, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) the Company’s financial and operational problems, revenue lower than expected and expansions of the business not turning in their favor; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you purchased Stellantis securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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