“Defrauded” by stellantis. Some shareholders in the United States support this. For this reason the car manufacturer was sued. The accusation is of having hidden the increase in stocks and other data, before publishing disappointing profits which caused a drop in price of his actions. To say it is Reuters: The complaint – filed Thursday in federal court in Manhattan – alleges that Stellantis has artificially inflated the price of its shares for part of 2024 making “overwhelmingly positive” assessments of inventory, pricing power, new products and operating margin.
Stellantis, the accusations of the shareholders in the USA
The same shareholders claim that the truth emerged on July 25, when Stellantis published i second quarter accounts, indicating that theadjusted operating profit of the first semester is dropped by 40% at 8,46 billion euros (9,28 billion dollars), below the 8,85 billion euros expected by analysts.
Stellantis, the reply: “Cause without merit”
But Stellantis' reply is clear: “This cause is without merit and the company intends to defend itself vigorously,” he continues Reuters. After the announcement of the quarterly results, Stellantis shares in the US lost almost 10% in two sessions and the lawsuit speaks of unspecified damages for Stellantis shareholders between February 15 and July 24, 2024.
This morning in MY BAG Stellantis earned about 3 percent.
