(Credit: Rokas / AdobeStock) Scott + Scott Files Investor Class Action Against Stellantis
The claim alleges that the car manufacturer misled investors about its compliance with emissions regulations.
August 28, 2024 at 12:01 AM
2 minute read
U.S. litigation firm Scott + Scott filed a cross-border class action suit against Stellantis Wednesday, alleging that the car manufacturer duped investors by not disclosing that it installed emissions-cheating software in its vehicles in the mid-2010s.
The claim filed before the District Court North-Holland alleges that the automaker failed to disclose that it installed emissions-cheating software in its vehicles, which led to losses for investors who bought or held Fiat Chrysler shares traded on the Milan stock exchange between 2014 and 2017. Stellantis, born from the 2021 merger of the Italian-American automaker Fiat Chrysler and the French PSA Group, is headquartered in the Netherlands.
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