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Case Page

 

Case Status:    ONGOING  
—On or around 01/31/2025 (Date of last review)
Current/Last Presiding Judge:  
Hon. Claire C. Cecchi

Filing Date: January 30, 2025

According to the Complaint, Polestar Automotive Holding UK PLC purports to be “the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future.” This class action was filed against Polestar and three of its Officers.

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Polestar’s financial statements during the Class Period were materially misstated; (2) Polestar understated its internal control weaknesses; and (3) as a result, Defendants’ statements about Polestar’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

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