(Finance) – Several shareholders, in the United States, claim that Stellantis It allegedly deceived them by hiding rising inventory and other weaknesses, before posting disappointing results that caused the stock price to decline.
Reuters reports this on its website, writing that the complaint, filed on Thursday, August 15, in Manhattan Federal Court, claims that “Stellantis artificially inflated its share price for much of 2024 by making extremely positive assessments” of certain data, and “that the truth emerged on July 25,” in particular from the sharp drop in adjusted operating profit, when Stellantis reported its first-half results.
Reuters reports Stellantis’ position: “This lawsuit is without merit and the company intends to vigorously defend itself.”
Meanwhile, Stellantis shares are moving upwards on Piazza Affari, boasting a 3.29% increase, aligning themselves with the rebound on Piazza Affari, which has returned above 33 thousand points.