Core Viewpoint - Rosen Law Firm is reminding investors who purchased Polestar Automotive Holding UK PLC securities between November 14, 2022, and January 16, 2025, of the March 31, 2025, deadline to become lead plaintiffs in a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Polestar securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by March 31, 2025 [3]. - The lawsuit alleges that Polestar made materially false and misleading statements regarding its financial statements, internal control weaknesses, and overall business prospects during the Class Period [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements, recovering hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Polestar To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in Polestar between November 14, 2022 and January 16, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, March 26, 2025 ...

LOS ANGELES, March 25, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Polestar Automotive Holding UK PLC ("Polestar" or "the Company") (NASDAQ: PSNY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between November 14, 2022 and January 16, 2025, inclusive ( ...

Polestar Automotive Holding UK PLC ( PSNY ) manufactures and sells electric vehicles with the Polestar brand. The company primarily sells cars in the UK and a number of other European markets, but also in the US, Korea, China, and inI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the driv ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Polestar Automotive Holding UK PLC securities between November 14, 2022, and January 16, 2025, about the March 31, 2025, deadline to become a lead plaintiff in a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Polestar securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by March 31, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that during the Class Period, defendants made materially false and misleading statements and failed to disclose significant issues, including materially misstated financial statements and understated internal control weaknesses [5]. - As a result of these misstatements, the defendants' claims regarding Polestar's business operations and prospects were deemed materially false and misleading [5].

Core Viewpoint - A class action lawsuit has been filed against Polestar Automotive Holding UK PLC, alleging that the company had internal control weaknesses that led to materially misstated financial statements during the class period from November 14, 2022, to January 16, 2025 [1][2]. Group 1: Allegations and Financial Restatement - The complaint claims that Polestar failed to disclose significant internal control weaknesses and that its financial statements were materially misstated [2]. - On January 16, 2025, Polestar announced that its audited financial statements for the years ended December 31, 2022, and December 31, 2023, along with certain unaudited interim financial information, contained errors that necessitated a restatement [3]. - The affected financials include both audited and unaudited reports, specifically for the six-month periods ending June 30, 2023, and June 30, 2024 [3]. Group 2: Market Reaction - Following the announcement of the financial restatement, the price of Class A Polestar ADSs fell by $0.135, or 11%, closing at $1.0850 on January 16, 2025, with higher-than-average trading volume [4]. Group 3: Class Action Participation - Shareholders may be eligible to participate in the class action against Polestar, with a deadline to file as lead plaintiff by March 31, 2025 [5]. - Shareholders do not need to actively participate in the case to be eligible for recovery, as they can remain absent class members [5].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Polestar Automotive Holding UK PLC due to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status by March 31, 2025 [2][4]. Group 1: Legal Investigation and Claims - The firm is encouraging investors who suffered losses exceeding $100,000 in Polestar between November 14, 2022, and January 16, 2025, to discuss their legal rights [1][2]. - The complaint alleges that Polestar's financial statements were materially misstated, and the company failed to disclose internal control weaknesses, leading to misleading statements about its business and operations [4]. - Polestar announced that its audited financial statements for the years ended December 31, 2022, and December 31, 2023, along with certain interim financial information, contained errors that necessitate restatement [5]. Group 2: Market Reaction - Following the announcement of the financial restatement, Polestar's Class A American Depositary Shares fell by 11% in intraday trading on January 16, 2025 [5]. Group 3: Class Action Details - The lead plaintiff in a class action is defined as the investor with the largest financial interest who is adequate and typical of class members, overseeing the litigation on behalf of the class [6]. - Any member of the putative class can move the court to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [6]. Group 4: Additional Information - Faruqi & Faruqi, LLP is also seeking information from whistleblowers, former employees, and shareholders regarding Polestar's conduct [7].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Polestar Automotive Holding UK PLC due to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status by March 31, 2025 [2][4]. Group 1: Legal Investigation and Claims - The firm is encouraging investors who suffered losses exceeding $100,000 in Polestar between November 14, 2022, and January 16, 2025, to discuss their legal rights [1][2]. - The complaint alleges that Polestar's financial statements were materially misstated, and the company failed to disclose internal control weaknesses, leading to misleading statements about its business and operations [4][5]. - Polestar announced that its previously issued audited financial statements for the years ended December 31, 2022, and December 31, 2023, contained errors that require restatement, which caused an 11% drop in its Class A American Depositary Shares on January 16, 2025 [5]. Group 2: Class Action Details - The lead plaintiff in a class action is the investor with the largest financial interest who directs the litigation on behalf of the class, and any member can move to serve as lead plaintiff [6]. - Faruqi & Faruqi encourages anyone with information regarding Polestar's conduct, including whistleblowers and former employees, to contact the firm [7].

Core Points - A class action has been filed against Polestar Automotive Holding UK PLC for alleged internal control weaknesses and financial misstatements during the period from November 14, 2022, to January 16, 2025 [1][2] - The complaint claims that Polestar's financial statements were materially misstated and that the company failed to disclose significant internal control weaknesses [2] - On January 16, 2025, Polestar announced that its previously issued audited financial statements for the years ended December 31, 2022, and December 31, 2023, contained errors that necessitated restatement [3] Financial Impact - Following the announcement of the financial restatement, the price of Class A Polestar ADSs fell by $0.135, or 11%, closing at $1.0850 on January 16, 2025, with higher-than-average trading volume [4] Legal Proceedings - Shareholders interested in participating in the class action must file papers with the court by March 31, 2025, to serve as lead plaintiff [5] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses for representation [6]

Core Viewpoint - A class action lawsuit has been filed against Polestar Automotive Holding UK PLC, alleging violations of federal securities laws due to misleading statements about the company's financial health and internal controls during the specified class period [1][4]. Group 1: Lawsuit Details - The lawsuit represents all individuals and entities that purchased Polestar's Class A American Depository Shares between November 14, 2022, and January 16, 2025 [1][2]. - Investors have until March 31, 2025, to seek appointment as lead plaintiff in the class action lawsuit [2]. Group 2: Allegations Against Polestar - The lawsuit claims that Polestar's financial statements were materially misstated and that the company failed to disclose significant internal control weaknesses [4]. - On January 16, 2025, Polestar announced that its previously issued audited financial statements for the years ended December 31, 2022, and December 31, 2023, contained errors that required restatement [5]. - The restatement was primarily due to balance sheet errors related to unique tooling, leading to an underreporting of assets and accrued liabilities [5]. - Following the announcement, Polestar's Class A ADS price dropped by 11% on January 16, 2025 [5].