Polestar(PSNY) Prnewswire·2025-02-19 01:15Core 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 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]