According to the Complaint, Fiat Chrysler Automobiles N.V., with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems.

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Fiat employed a bribery scheme to obtain favorable terms in its collective bargaining agreement with International Union, United Automobile, Aerospace and Agricultural Implement Workers of America; (2) high-ranking Fiat officials were aware of and authorized the scheme; and (3) due to the foregoing, Defendants’ statements about Fiat’s receivables, business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On March 10, 2020, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. All future docketing was ordered to be done in the lead case 19-CV-06770. Lead Plaintiff filed an amended Complaint on June 1.

On January 28, 2021, Lead Plaintiff filed a second amended Complaint. On March 3, the parties notified the Court that they had reached a agreement-in-principle to Settle the case. The parties entered into a Stipulation and Agreement of Settlement on May 14. On October 15, the Court granted preliminary approval of the Settlement. On February 23, 2022, the Court granted final approval of the Settlement, including an award of attorneys' fees and expenses, and entered Final Judgment.

On October 31, 2023, the Court issued an Order approving distribution of the net Settlement fund.