Polestar(PSNY) Prnewswire·2025-01-24 22:40Core 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]