NEW YORK, March 22, 2025 (GLOBE NEWSWIRE) – Rosen Law Firm, a global investor rights law firm, has issued a reminder to investors of Polestar Automotive Holding UK PLC (NASDAQ: PSNY) regarding the rapidly approaching March 31, 2025 deadline to file as lead plaintiff in the securities class action lawsuit. The lawsuit covers individuals and entities who purchased Polestar securities between November 14, 2022, and January 16, 2025 (the “Class Period”).
Allegations of Financial Misstatements
According to the complaint, Polestar and its executives allegedly made materially false and misleading statements throughout the Class Period. The lawsuit claims that the company:
- Misstated its financial statements, providing inaccurate or incomplete information to investors.
- Understated internal control weaknesses, failing to disclose significant operational risks.
- Issued statements regarding its business and prospects that lacked a reasonable basis or were misleading.
When the true financial details were revealed, the lawsuit claims that investors suffered damages as Polestar’s stock price fell in response to the disclosures.
Why Choose Rosen Law Firm?
Rosen Law Firm is recognized as a leader in securities class actions, having recovered hundreds of millions of dollars for investors. The firm has been ranked among the top four firms for securities class action settlements each year since 2013 and secured over $438 million for investors in 2019 alone.
Key Deadline: March 31, 2025
Investors seeking to serve as lead plaintiff must file a motion with the court by March 31, 2025. The lead plaintiff serves as a representative for the entire class, helping direct the litigation. However, no class has been certified yet, and investors may choose to retain counsel of their choice or remain absent class members.
Protecting Shareholder Rights
Rosen Law Firm encourages investors to select experienced and credible legal representation. The firm’s track record of litigating high-stakes securities class actions makes it a trusted advocate for shareholder rights.
For more information on the Polestar class action or to discuss your legal rights, contact Rosen Law Firm today.
