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].

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's Class A American Depositary Shares fell by 11% in intraday trading on January 16, 2025, following the announcement of errors in its previously issued financial statements [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 [6]. - Any member of the putative class can move the court to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [6]. Group 3: Additional Information and Contact - Faruqi & Faruqi encourages anyone with information regarding Polestar's conduct, including whistleblowers and former employees, to contact the firm [7]. - For more information about the Polestar Automotive class action, interested parties can visit the firm's website or contact partner Josh Wilson directly [8].

Core Viewpoint - A class action lawsuit has been filed against Polestar Automotive Holding UK PLC for alleged violations of securities laws, specifically related to false and misleading statements regarding its financial condition and internal controls [1][4]. Group 1: Lawsuit Details - The lawsuit pertains to investors who purchased Polestar's securities between November 14, 2022, and January 16, 2025, and encourages them to contact the Schall Law Firm before March 31, 2025 [2]. - The complaint alleges that Polestar materially misstated its financial statements and failed to accurately communicate weaknesses in its internal controls, leading to misleading public statements throughout the class period [4]. Group 2: Legal Representation - The Schall Law Firm specializes in securities class action lawsuits and represents investors globally, offering free consultations to discuss rights related to the lawsuit [3][5].

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Polestar Automotive Holding UK PLC securities for the period between November 14, 2022, and January 16, 2025, due to alleged misleading statements and financial misstatements [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that Polestar's financial statements were materially misstated and that the company understated its internal control weaknesses [5]. - Defendants allegedly made false and misleading statements regarding Polestar's business operations and prospects throughout the Class Period [5]. - Investors are encouraged to join the class action without incurring out-of-pocket fees through a contingency fee arrangement [2][3]. Group 2: Participation Information - Interested parties can join the class action by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must file a motion with the court by March 31, 2025, to represent other class members [3]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its success in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013 [4].

Core Insights - Polestar Automotive has faced significant challenges since its public debut in June 2022, leading to a decline in stock price and investor confidence [1][2][3] - The company has experienced slowed growth, delayed vehicle launches, and accounting errors, resulting in a stock price drop to approximately $1 [3][4] - Despite these issues, Polestar has ambitious plans for future growth, including a projected revenue increase of 166% to $5.3 billion in 2025 [7][10] Company Performance - Polestar's vehicle deliveries increased by 80% in 2022 but only rose by 6% in 2023, with total revenue declining by 3% due to an ongoing EV price war [3][4] - The company has faced supply chain constraints and software issues that have delayed the launch of the Polestar 3 [4] - Polestar's financials for 2021 and 2022 were restated due to accounting errors, further complicating its financial outlook [4] Leadership Changes - The appointment of Michael Lohscheller as CEO in October 2022 has not alleviated investor concerns, given his previous leadership roles in other controversial EV companies [5] Manufacturing and Tariffs - Polestar has shifted some manufacturing to the U.S. to avoid high tariffs on Chinese EVs, which may impact profit margins due to increased labor costs [6] Future Projections - The company plans to launch the Polestar 5 in the second half of 2025 and aims to nearly triple annual deliveries to 155,000 vehicles [7] - Analysts expect Polestar's revenue to rise by 46% to $7.7 billion in the following year if production targets are met [10] - Polestar anticipates turning positive in adjusted EBITDA by 2025 and expects free cash flow to become positive by 2027 [8][9] Financial Position - As of the third quarter, Polestar had $501 million in cash and equivalents and secured an additional $800 million in bank facilities, but carries approximately $4.4 billion in debt [9]

Core Viewpoint - The Schall Law Firm is investigating Polestar Automotive Holding UK PLC for potential violations of securities laws related to misleading statements and undisclosed information [1][2]. Group 1: Investigation Details - The investigation centers on whether Polestar issued false or misleading statements and failed to disclose critical information to investors [2]. - Polestar filed a report on Form 6-K with the SEC on January 16, 2025, revealing that its audited financial statements for the years ended December 31, 2022, and December 31, 2023, contain errors that necessitate restatement [2]. - The errors affect both the audited financials and the unaudited interim financial information for the periods ending June 30, 2023, and June 30, 2024 [2]. Group 2: Shareholder Rights - Shareholders who have suffered losses are encouraged to participate in the investigation [2]. - The Schall Law Firm offers free consultations to discuss shareholder rights [3].

Core Summary - Rosen Law Firm is investigating potential securities claims against Polestar Automotive Holding UK PLC (NASDAQ: PSNY) due to allegations of materially misleading business information [1] - Polestar's Class A American Depositary Shares fell 11% on January 16, 2025, following the announcement of financial statement errors [3] Financial Restatement - Polestar disclosed errors in its audited financial statements for the years ended December 31, 2022, and December 31, 2023, as well as unaudited interim financial information for quarterly periods from September 30, 2022, to June 30, 2024 [3] - The company concluded that restatement of the affected financials is necessary [3] Legal Action - Rosen Law Firm is preparing a class action to recover investor losses, offering compensation without out-of-pocket fees through a contingency fee arrangement [2] - Investors are encouraged to join the prospective class action by contacting Rosen Law Firm [2] Rosen Law Firm Background - Rosen Law Firm specializes in securities class actions and shareholder derivative litigation, with a track record of significant settlements, including the largest ever securities class action settlement against a Chinese company [4] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4] - Rosen Law Firm has been ranked in the top 4 for securities class action settlements annually since 2013 and was ranked No 1 by ISS Securities Class Action Services in 2017 [4]