Stellantis Investors Face June 8 Deadline to Seek Lead Role in Securities Suit
The case centers on Stellantis' February disclosure of €22 billion in charges tied to a strategic reset.
Overview
- Two plaintiff firms, Glancy Prongay Wolke & Rotter and Robbins LLP, urged Stellantis shareholders to contact them to seek lead-plaintiff status by June 8, 2026.
- The filed class action covers investors who bought Stellantis securities between February 26, 2025 and February 5, 2026.
- Plaintiffs allege executives overstated 2025 adjusted operating income prospects and the company’s ability to benefit from vehicle electrification.
- The complaint points to Stellantis’ February 6, 2026 disclosure of €22 billion in charges with a business reset, which the company linked to slower electrification uptake and reduced expectations for battery-electric vehicles (BEVs).
- Stellantis shares fell about 23.7% on that disclosure, dropping from $9.54 to $7.28, which the suit describes as the event that revealed the alleged misstatements.