STELLANTIS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Stellantis N.V. - STLA
- 94
PR Newswire
NEW ORLEANS, Aug. 30, 2024
NEW ORLEANS, Aug. 30, 2024 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 15, 2024 to file lead plaintiff applications in a securities class action lawsuit against Stellantis N.V. (NYSE: STLA), if they purchased the Company's securities between February 15, 2024 to July 24, 2024, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased securities of Stellantis and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-stla/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 15, 2024.
About the Lawsuit
Stellantis and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 25, 2024, the Company announced its first half 2024 financial results, disclosing disappointing news, including "[n]et revenues of €85.0 billion, down 14% compared to H1 2023, primarily due to the decline in volume and mix; net profit of €5.6 billion, down 48% compared to H1 2023, primarily due to lower volume and mix, headwinds from foreign exchange and restructuring costs; adjusted operating income of €8.5 billion, down €5.7 billion compared to H1 2023, primarily due to decreases in North America."
On this news, the price of Stellantis' shares fell from a closing price of $19.60 per share on July 24, 2024 to $17.66 per share on July 26, 2024.
The case is Long v. Stellantis N.V., et al., No. 24-cv-06196.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana and New Jersey.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163
View original content to download multimedia:https://www.prnewswire.com/news-releases/stellantis-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick--foti-llc-reminds-investors-with-losses-in-excess-of-100-000-of-lead-plaintiff-deadline-in-class-action-lawsuit-against-stellantis-nv---stla-302235256.html
SOURCE Kahn Swick & Foti, LLC
PR Newswire es un distribuidor de comunicados de prensa con sede en la ciudad de Nueva York. El servicio se creó en 1954 para permitir que las empresas envíen comunicados de prensa electrónicamente a las organizaciones de noticias, al principio utilizando teleimpresores.
- Royal Canadian Mint gana dos premios a la Excelencia en Monedas 2024 de IACA
- Vantage Foundation inspira esperanza e ilumina vidas en las zonas rurales de Vietnam
- LA REAL CASA DE LA MONEDA DE CANADÁ GANA DOS PREMIOS DE EXCELENCIA EN DIVISAS DE 2024 DE LA ASOCIACIÓN INTERNACIONAL DE ASUNTOS DE DIVISAS
- Hisense fue nombrada como primer socio oficial de la Copa Mundial de Clubes de la FIFA 2025™
- Appian, líder en el Cuadrante Mágico™ de Gartner® para plataformas de aplicaciones empresariales low-code
- Digital Turbine y ONE Store expanden su alianza para globalizar el crecimiento alternativo de las aplicaciones