{"success":true,"data":{"pressRelease":{"id":"42289","rtpr_id":"nPn2fDfG1a","ticker":"STLA","exchange":"NYSE","all_tickers":["STLA","STLAM"],"title":"STLA Investor Alert: Stellantis N.V. Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Executives Allegedly Certified Misleading Financial Statements: SueWallSt","author":"PR Newswire","published_at":"2026-05-21T13:00:03.781Z","article_body":"STLA Investor Alert: Stellantis N.V. Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Executives Allegedly Certified Misleading Financial Statements: SueWallSt\n\nPR Newswire\n\nNEW YORK, May 21, 2026\n\nImportant Information Regarding Section 20(a) Individual Liability Claims\n\nNEW YORK, May 21, 2026 /PRNewswire/ -- SueWallSt alerts investors in\nStellantis N.V. (NYSE: STLA) of a pending securities class action naming four\nsenior officers as individual defendants.\n\n(https://mma.prnewswire.com/media/2937620/suewallst_logo_1_Logo.html)\n\nClass Period: February 26, 2025 through February 5, 2026\n\nFind out if you qualify to recover losses\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693501-18&h=3370203525&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fstellantis-nv-class-action-lawsuit-stla%3Fprid%3D185507%26wire%3D4&a=Find+out+if+you+qualify+to+recover+losses)\n or contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com)  | (888) SueWallSt.\n\nStellantis shares fell $2.26 per share, a 23.69% single-day decline, after the\nCompany disclosed €22 billion in charges and a shortfall against guided\nadjusted operating income benchmarks on February 6, 2026. The Court has set\nJune 8, 2026 as the deadline to apply for lead plaintiff appointment.\n\nThe Named Individual Defendants\n\nThe complaint identifies four Stellantis officers as individual defendants\nunder Section 20(a) of the Securities Exchange Act of 1934, which imposes\nliability on persons who \"controlled\" the entity that violated the securities\nlaws:\n\n * John Jacob Philip Elkann — Executive Chairman of the Board throughout the\nClass Period. As the pleading asserts, Elkann directed Stellantis' strategic\nmessaging on electrification growth and the Company's ability to achieve\nguided earnings benchmarks.\n * Douglas R. Ostermann — Chief Financial Officer until September 29, 2025.\nAs averred, Ostermann publicly projected that North American margins would\nreach \"mid- to high single-digit range\" in the back half of 2025 and oversaw\nthe AOI guidance framework.\n * Antonio Filosa — Chief Operating Officer of North American Brands and\nChief Quality Officer, later appointed Chief Executive Officer effective June\n23, 2025. The complaint charges that Filosa assumed expanding operational\ncontrol during the period when the Company's business model required a\nfundamental reset.\n * Joao Laranjo — Appointed Chief Financial Officer following Ostermann's\nSeptember 29, 2025 departure, responsible for subsequent financial disclosures\nthrough the end of the Class Period.\nSection 20(a) Control Person Framework\n\nSection 20(a) provides that every person who directly or indirectly controlled\nany person liable under the Exchange Act is jointly and severally liable. The\naction contends each Individual Defendant possessed the power and authority to\ncontrol the contents of Stellantis' SEC filings, press releases, and\npresentations to analysts and institutional investors. Each was provided\ncopies of the Company's public reports prior to issuance and had the ability\nto prevent their release or cause corrections.\n\nSarbanes-Oxley Certification Obligations\n\nThe complaint further alleges that individual defendants who served as CEO and\nCFO signed Sarbanes-Oxley certifications under Sections 302 and 906,\npersonally attesting that:\n\n * The Company's periodic reports did not contain untrue statements of material\nfact\n * Financial statements fairly presented the Company's financial condition\n * Disclosure controls and procedures were effective\n * Any material changes in internal controls were disclosed\nThe action asserts these certifications were made while defendants knew or\nshould have known that Stellantis was not positioned to achieve its guided AOI\nbenchmarks and that the Company's electrification strategy would require\nbillions in restructuring charges.\n\n\"Corporate officers have a duty to ensure their companies' public statements\nare accurate and complete. When officers certify financial disclosures under\nSarbanes-Oxley, they accept personal responsibility for the truthfulness of\nthose statements.\" — Joseph E. Levi, Esq.\n\nScienter Allegations\n\nAs averred, the Individual Defendants had access to material non-public\ninformation about deteriorating operational performance, the insufficiency of\nBEV demand projections, and the scale of restructuring that would ultimately\nbe required. The pleading asserts they knew that positive representations\nabout Stellantis' earnings trajectory were materially false or misleading when\nmade.\n\nSpeak with an attorney about recovering your Stellantis investment losses\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693501-18&h=1820594803&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fstellantis-nv-class-action-lawsuit-stla%3Fprid%3D185507%26wire%3D4&a=Speak+with+an+attorney+about+recovering+your+Stellantis+investment+losses)\n or call (888) SueWallSt.\n\nSueWallSt — Top 50 securities litigation firm (ISS, seven consecutive\nyears). Over 70 professionals. Hundreds of millions recovered.\n\nFrequently Asked Questions About the STLA Lawsuit\n\nQ: Who are the defendants named in the STLA lawsuit? A: The complaint names\nStellantis N.V. and individual defendants including Executive Chairman John\nJacob Philip Elkann, former CFO Douglas R. Ostermann, CEO Antonio Filosa, and\nCFO Joao Laranjo, all of whom signed SEC filings or made public statements\nduring the Class Period.\n\nQ: Who is eligible to join the STLA investor lawsuit? A: Investors who\npurchased STLA stock between February 26, 2025 and February 5, 2026 and\nsuffered financial losses may be eligible. Eligibility is based on purchase\ndate and documented losses, not on whether you still hold the shares.\n\nQ: What is a lead plaintiff and why does it matter? A: A lead plaintiff is\nthe investor appointed by the court to represent the entire class. Lead\nplaintiffs are typically investors with the largest documented losses. Being\nappointed does not increase individual recovery but gives direct oversight of\nhow the case is run.\n\nQ: What does it cost me to participate? A: Nothing. Securities class actions\nare handled on a pure contingency basis. No upfront fees, no retainer, no\nout-of-pocket costs.\n\nQ: What if I already sold my STLA shares — can I still recover losses? A:\nYes. Eligibility is based on when you purchased, not whether you still hold\nthem. Investors who bought during the class period and sold at a loss may\nstill participate.\n\nQ: How long will the lawsuit take to resolve? A: Securities class actions\ntypically take two to four years from initial filing to resolution.\n\nCONTACT:\n\nLevi & Korsinsky, LLP\n\nJoseph E. Levi, Esq.\n\n33 Whitehall Street, 27th Floor\n\nNew York, NY 10004\n\njlevi@SueWallSt.com (mailto:jlevi@SueWallSt.com)\n\nTel: (888) SueWallSt\n\nFax: (212) 363-7171\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/stla-investor-alert-stellantis-nv-securities-fraud-lawsuit---investors-with-losses-may-seek-to-lead-the-class-action-after-executives-allegedly-certified-misleading-financial-statements-suewallst-302778426.html\n(https://www.prnewswire.com/news-releases/stla-investor-alert-stellantis-nv-securities-fraud-lawsuit---investors-with-losses-may-seek-to-lead-the-class-action-after-executives-allegedly-certified-misleading-financial-statements-suewallst-302778426.html)\n\nSOURCE SueWallSt.com\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2937620/suewallst_logo_1_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn2fDfG1a","title":"STLA Investor Alert: Stellantis N.V. Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Executives Allegedly Certified Misleading Financial Statements: SueWallSt","author":"PR Newswire","ticker":"STLA","created":"2026-05-21T13:00:03.781Z","tickers":["STLA","STLAM"],"exchange":"NYSE","article_body":"STLA Investor Alert: Stellantis N.V. Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Executives Allegedly Certified Misleading Financial Statements: SueWallSt\n\nPR Newswire\n\nNEW YORK, May 21, 2026\n\nImportant Information Regarding Section 20(a) Individual Liability Claims\n\nNEW YORK, May 21, 2026 /PRNewswire/ -- SueWallSt alerts investors in\nStellantis N.V. (NYSE: STLA) of a pending securities class action naming four\nsenior officers as individual defendants.\n\n(https://mma.prnewswire.com/media/2937620/suewallst_logo_1_Logo.html)\n\nClass Period: February 26, 2025 through February 5, 2026\n\nFind out if you qualify to recover losses\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693501-18&h=3370203525&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fstellantis-nv-class-action-lawsuit-stla%3Fprid%3D185507%26wire%3D4&a=Find+out+if+you+qualify+to+recover+losses)\n or contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com\n(mailto:jlevi@SueWallSt.com)  | (888) SueWallSt.\n\nStellantis shares fell $2.26 per share, a 23.69% single-day decline, after the\nCompany disclosed €22 billion in charges and a shortfall against guided\nadjusted operating income benchmarks on February 6, 2026. The Court has set\nJune 8, 2026 as the deadline to apply for lead plaintiff appointment.\n\nThe Named Individual Defendants\n\nThe complaint identifies four Stellantis officers as individual defendants\nunder Section 20(a) of the Securities Exchange Act of 1934, which imposes\nliability on persons who \"controlled\" the entity that violated the securities\nlaws:\n\n * John Jacob Philip Elkann — Executive Chairman of the Board throughout the\nClass Period. As the pleading asserts, Elkann directed Stellantis' strategic\nmessaging on electrification growth and the Company's ability to achieve\nguided earnings benchmarks.\n * Douglas R. Ostermann — Chief Financial Officer until September 29, 2025.\nAs averred, Ostermann publicly projected that North American margins would\nreach \"mid- to high single-digit range\" in the back half of 2025 and oversaw\nthe AOI guidance framework.\n * Antonio Filosa — Chief Operating Officer of North American Brands and\nChief Quality Officer, later appointed Chief Executive Officer effective June\n23, 2025. The complaint charges that Filosa assumed expanding operational\ncontrol during the period when the Company's business model required a\nfundamental reset.\n * Joao Laranjo — Appointed Chief Financial Officer following Ostermann's\nSeptember 29, 2025 departure, responsible for subsequent financial disclosures\nthrough the end of the Class Period.\nSection 20(a) Control Person Framework\n\nSection 20(a) provides that every person who directly or indirectly controlled\nany person liable under the Exchange Act is jointly and severally liable. The\naction contends each Individual Defendant possessed the power and authority to\ncontrol the contents of Stellantis' SEC filings, press releases, and\npresentations to analysts and institutional investors. Each was provided\ncopies of the Company's public reports prior to issuance and had the ability\nto prevent their release or cause corrections.\n\nSarbanes-Oxley Certification Obligations\n\nThe complaint further alleges that individual defendants who served as CEO and\nCFO signed Sarbanes-Oxley certifications under Sections 302 and 906,\npersonally attesting that:\n\n * The Company's periodic reports did not contain untrue statements of material\nfact\n * Financial statements fairly presented the Company's financial condition\n * Disclosure controls and procedures were effective\n * Any material changes in internal controls were disclosed\nThe action asserts these certifications were made while defendants knew or\nshould have known that Stellantis was not positioned to achieve its guided AOI\nbenchmarks and that the Company's electrification strategy would require\nbillions in restructuring charges.\n\n\"Corporate officers have a duty to ensure their companies' public statements\nare accurate and complete. When officers certify financial disclosures under\nSarbanes-Oxley, they accept personal responsibility for the truthfulness of\nthose statements.\" — Joseph E. Levi, Esq.\n\nScienter Allegations\n\nAs averred, the Individual Defendants had access to material non-public\ninformation about deteriorating operational performance, the insufficiency of\nBEV demand projections, and the scale of restructuring that would ultimately\nbe required. The pleading asserts they knew that positive representations\nabout Stellantis' earnings trajectory were materially false or misleading when\nmade.\n\nSpeak with an attorney about recovering your Stellantis investment losses\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693501-18&h=1820594803&u=https%3A%2F%2Fsuewallst.com%2Flawsuits%2Fstellantis-nv-class-action-lawsuit-stla%3Fprid%3D185507%26wire%3D4&a=Speak+with+an+attorney+about+recovering+your+Stellantis+investment+losses)\n or call (888) SueWallSt.\n\nSueWallSt — Top 50 securities litigation firm (ISS, seven consecutive\nyears). Over 70 professionals. Hundreds of millions recovered.\n\nFrequently Asked Questions About the STLA Lawsuit\n\nQ: Who are the defendants named in the STLA lawsuit? A: The complaint names\nStellantis N.V. and individual defendants including Executive Chairman John\nJacob Philip Elkann, former CFO Douglas R. Ostermann, CEO Antonio Filosa, and\nCFO Joao Laranjo, all of whom signed SEC filings or made public statements\nduring the Class Period.\n\nQ: Who is eligible to join the STLA investor lawsuit? A: Investors who\npurchased STLA stock between February 26, 2025 and February 5, 2026 and\nsuffered financial losses may be eligible. Eligibility is based on purchase\ndate and documented losses, not on whether you still hold the shares.\n\nQ: What is a lead plaintiff and why does it matter? A: A lead plaintiff is\nthe investor appointed by the court to represent the entire class. Lead\nplaintiffs are typically investors with the largest documented losses. Being\nappointed does not increase individual recovery but gives direct oversight of\nhow the case is run.\n\nQ: What does it cost me to participate? A: Nothing. Securities class actions\nare handled on a pure contingency basis. No upfront fees, no retainer, no\nout-of-pocket costs.\n\nQ: What if I already sold my STLA shares — can I still recover losses? A:\nYes. Eligibility is based on when you purchased, not whether you still hold\nthem. Investors who bought during the class period and sold at a loss may\nstill participate.\n\nQ: How long will the lawsuit take to resolve? A: Securities class actions\ntypically take two to four years from initial filing to resolution.\n\nCONTACT:\n\nLevi & Korsinsky, LLP\n\nJoseph E. Levi, Esq.\n\n33 Whitehall Street, 27th Floor\n\nNew York, NY 10004\n\njlevi@SueWallSt.com (mailto:jlevi@SueWallSt.com)\n\nTel: (888) SueWallSt\n\nFax: (212) 363-7171\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/stla-investor-alert-stellantis-nv-securities-fraud-lawsuit---investors-with-losses-may-seek-to-lead-the-class-action-after-executives-allegedly-certified-misleading-financial-statements-suewallst-302778426.html\n(https://www.prnewswire.com/news-releases/stla-investor-alert-stellantis-nv-securities-fraud-lawsuit---investors-with-losses-may-seek-to-lead-the-class-action-after-executives-allegedly-certified-misleading-financial-statements-suewallst-302778426.html)\n\nSOURCE SueWallSt.com\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2937620/suewallst_logo_1_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-21T13:00:03.800298945Z","server_sent_at_ms":1779368403800},"received_at":"2026-05-21T13:00:04.133Z","source_url":"https://www.prnewswire.com/news-releases/stla-investor-alert-stellantis-nv-securities-fraud-lawsuit---investors-with-losses-may-seek-to-lead-the-class-action-after-executives-allegedly-certified-misleading-financial-statements-suewallst-302778426.html"},"analysis":{"id":"31727","press_release_id":"42289","analysis_json":{"industry":{"label":"Automobile Manufacturers","sector":"Consumer Discretionary"},"redFlags":[],"eventType":"legal_litigation","narrative":"Levi & Korsinsky, operating under the SueWallSt brand, issued a solicitation notice for investors in Stellantis N.V. (STLA).\n\nThe firm is seeking a lead plaintiff for a pending securities class action alleging that executives certified misleading financial statements regarding electrification strategy and operating income.\n\nThe court has set June 8, 2026, as the deadline to apply for lead plaintiff appointment. This release is marketing by the plaintiff's counsel, not a disclosure from Stellantis.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{"customDimensions":{"charges_eur":"€22 billion","share_decline_pct":"23.69%","share_decline_usd":"$2.26"}},"quotedText":"Corporate officers have a duty to ensure their companies' public statements are accurate and complete. When officers certify financial disclosures under Sarbanes-Oxley, they accept personal responsibility for the truthfulness of those statements.","namedEntities":{"people":[{"name":"Joseph E. Levi","role":"Attorney, Levi & Korsinsky"},{"name":"John Jacob Philip Elkann","role":"Executive Chairman"},{"name":"Douglas R. Ostermann","role":"Former CFO"},{"name":"Antonio Filosa","role":"CEO"},{"name":"Joao Laranjo","role":"CFO"}],"products":[],"companies":[{"name":"Stellantis N.V.","ticker":"STLA","relationship":"defendant"},{"name":"Levi & Korsinsky, LLP","relationship":"plaintiff law firm"},{"name":"SueWallSt","relationship":"plaintiff law firm brand"}],"dollarAmounts":[{"amount":"$2.26","context":"single-day share price decline"},{"amount":"€22 billion","context":"charges disclosed by Stellantis"}]},"materialImpact":{"score":1,"reasoning":"This is a plaintiff law-firm solicitation issued by Levi & Korsinsky (SueWallSt). It is a routine lead-plaintiff-deadline reminder, not an issuer disclosure. No class certification or settlement has occurred."},"tickerRelevance":{"others":[],"primary":"STLA"},"globalImportance":15,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"large-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"householdBrandBoost":true}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Levi & Korsinsky, operating under the SueWallSt brand, issued a solicitation notice for investors in Stellantis N.V. (STLA).\n\nThe firm is seeking a lead plaintiff for a pending securities class action alleging that executives certified misleading financial statements regarding electrification strategy and operating income.\n\nThe court has set June 8, 2026, as the deadline to apply for lead plaintiff appointment. This release is marketing by the plaintiff's counsel, not a disclosure from Stellantis.","key_figures":{"customDimensions":{"charges_eur":"€22 billion","share_decline_pct":"23.69%","share_decline_usd":"$2.26"}},"named_entities":{"people":[{"name":"Joseph E. Levi","role":"Attorney, Levi & Korsinsky"},{"name":"John Jacob Philip Elkann","role":"Executive Chairman"},{"name":"Douglas R. Ostermann","role":"Former CFO"},{"name":"Antonio Filosa","role":"CEO"},{"name":"Joao Laranjo","role":"CFO"}],"products":[],"companies":[{"name":"Stellantis N.V.","ticker":"STLA","relationship":"defendant"},{"name":"Levi & Korsinsky, LLP","relationship":"plaintiff law firm"},{"name":"SueWallSt","relationship":"plaintiff law firm brand"}],"dollarAmounts":[{"amount":"$2.26","context":"single-day share price decline"},{"amount":"€22 billion","context":"charges disclosed by Stellantis"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-21T13:05:54.545Z","global_importance":15,"audience_relevance":20,"importance_components":{"tickerTier":"large-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"householdBrandBoost":true}},"durationMs":16758,"modelName":"george-droid-qwen-72b"}}