Faruqi & Faruqi Reminds Polestar Automotive Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 31, 2025 – PSNY

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Polestar Automotive Holding UK PLC due to alleged violations of federal securities laws, encouraging affected investors to come forward [3][5]. Group 1: Legal Investigation and Claims - The law firm is urging investors who suffered losses exceeding $100,000 in Polestar between November 14, 2022, and January 16, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Polestar, with a deadline of March 31, 2025, for investors to seek the role of lead plaintiff [3][8]. - The complaint alleges that Polestar's financial statements were materially misstated and that the company failed to disclose internal control weaknesses [5]. Group 2: Financial Restatement and Market Reaction - On January 16, 2025, Polestar announced that its audited financial statements for the years ended December 31, 2022, and December 31, 2023, contained errors that necessitated restatement [6]. - Following this announcement, Polestar's Class A American Depositary Shares experienced an 11% decline in intraday trading on the same day [7].