Case Summary
Stellantis N.V.
NYSE : STLA
Case Details
- Harman v. Stellantis N.V. et al.
- Class Period:February 26, 2025 - February 5, 2026
- Date Filed:April 7, 2026
- Jurisdiction:U.S. District Court, Southern District of New York
- Docket Number: 1:26-cv-02839
- Lead Plaintiff Deadline: June 8, 2026
Seek Plaintiff 48
Overview
A class action lawsuit has been filed against Stellantis N.V. (“Stellantis” or the “Company”) (NYSE : STLA) and certain of the Company’s senior officers (collectively, “Defendants”), alleging violations of the federal securities laws. The Stellantis lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Stellantis common stock between February 26, 2025, and February 5, 2026, inclusive (the “Class Period”). Investors have until June 8, 2026, to seek appointment as lead plaintiff of the Stellantis class action lawsuit.
Stellantis is a global automobile designer, engineer, manufacturer, and distributor. The Company also provides contracting, financing, leasing services, and rental services, and also engages in after-market parts businesses.
The complaint alleges that Defendants made materially false and misleading statements regarding the Company’s growth prospects, profitability, and ability to capitalize on the transition to electrification. Throughout the Class Period, Defendants repeatedly touted Stellantis’ expected earnings growth, including projected adjusted operating income (“AOI”) improvements and confidence in the expanding electric vehicle (“EV”) market.
In reality, the Company was not positioned to achieve these projections. The complaint alleges that Stellantis had overestimated demand for battery electric vehicles, was not effectively positioned to benefit from electrification trends, and faced significant operational and strategic challenges. These issues ultimately required substantial restructuring, including a shift away from prior EV-focused strategies.
The truth emerged on February 6, 2026, when Stellantis announced a major “reset” of its business and disclosed approximately €22 billion in charges tied largely to reduced expectations for EV products and related operational changes. The Company also revealed that it would fall short of its previously issued financial guidance and that it would not pay a dividend in 2026.
On this news, the price of Stellantis’ common stock fell $2.26 per share, or more than 23%, from $9.54 per share on February 5, 2026, to $7.28 per share on February 6, 2026.
* * *
If you purchased or otherwise acquired Stellantis common stock between February 26, 2025, and February 5, 2026, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page.
You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com.
The deadline to apply to the Court to serve as a lead plaintiff in the Stellantis class action lawsuit is June 8, 2026.