(Alliance News) - Stellantis is at risk of a new class action lawsuit in the United States after its stock market crash following a massive EUR22 billion write-down related to electric vehicles.
As reported by Milano Finanza on Tuesday, the law firm Levi & Korsinsky has launched an investigation to verify potential violations of federal securities laws, paving the way for collective legal actions.
On February 6, the group admitted to having overestimated demand for electric vehicles, announcing a strategic reset, the suspension of the 2026 dividend, and a review of its compensation policy. The stock lost 25% in Milan and nearly 28% on Wall Street, marking its worst-ever session at the NYSE.
The investigation concerns the period between October 30, 2025, and the February announcement: according to the lawyers, during those months, the company allegedly failed to promptly disclose the deterioration in its electrification outlook.
Other factors weighing on the situation include earlier warning signs before the collapse, such as the downgrade by Wall Street Zen and Morgan Stanley's review, as well as rumors of possible financial support in Europe.
This is not the first lawsuit in the United States: in 2024, some shareholders sued the group and former management after disappointing results and a sharp drop in the stock price.
Meanwhile, Stellantis has announced the addition of 80 new employees at Mirafiori for the production of the Fiat 500 Hybrid, with a second shift starting in mid-March.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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