Polestar Faces Class Action Lawsuit Over Alleged Securities Law Violations and Financial Misstatements
SAN DIEGO — A class action lawsuit has been filed against Polestar Automotive Holding UK PLC, accusing the company and some of its former top executives of federal securities law violations, according to court documents. The lawsuit represents a class of persons and entities who bought or acquired Class A American Depository Shares of Polestar (NASDAQ: PSNY) from November 14, 2022, to January 16, 2025. Investors involved in the class action have until March 31, 2025, to apply for the position of lead plaintiff. The legal challenge centers on claims that Polestar and certain associated … Read more