#United States #New York #Class Action #Rosen Law Firm #Polestar Automotive

Rosen Law Firm Investigates Polestar Automotive

The Rosen Law Firm, a worldwide leader in investor rights advocacy, has initiated an investigation into possible securities claims associated with Polestar Automotive Holding UK PLC (NASDAQ: PSNY). This inquiry follows allegations that the company may have disseminated significantly misleading information about its financial status to the public, which could have serious implications for its shareholders.

Background of the Investigation

On January 16, 2025, before market hours, Polestar released a report on Form 6-K to the U.S. Securities and Exchange Commission (SEC). Within this report, the company acknowledged that its previously published audited financial statements for the years ended December 31, 2022, and December 31, 2023 contained errors. These findings prompted the need for a restatement of both the audited and interim financial reports concerning specific periods between September 30, 2022, and June 30, 2024. Consequently, this alarming disclosure sent the price of Polestar’s Class A American Depositary Shares plummeting by 11% on the same day.

Why Should Investors Care?

For those who purchased Polestar securities, there may be an opportunity to seek compensation for losses incurred during this period. Rosen Law Firm emphasizes that eligible investors could potentially recover their losses without any out-of-pocket fees through a contingency fee arrangement. The firm is currently working on the formation of a class action lawsuit aimed at recovering losses owed to investors affected by these disclosures.

How to Get Involved

If you're a Polestar investor and wish to participate in this forthcoming class action, the process is straightforward. Interested parties are encouraged to visit the Rosen Law Firm’s website at rosenlegal.com/submit-form. Alternatively, they can contact attorney Phillip Kim, using the toll-free number 866-767-3653 or via email at info@rosenlegal.com for more information about this situation.

Importance of Choosing the Right Counsel

The Rosen Law Firm advises investors to select legal counsel that has a proven track record of successful securities litigation. Many firms that advertise similar services lack the experience and resources necessary for meaningful representation. The Rosen Law Firm has a robust history of securing significant settlements on behalf of investors and has been recognized as a leader in this niche of law, achieving notable settlements over the years.

Rosen Law Firm's Accomplishments

In its history, Rosen Law Firm achieved the largest securities class action settlement against a Chinese company and has consistently ranked among the top firms in this field. In 2019 alone, the firm secured over $438 million for investors. Furthermore, Laurence Rosen, the firm’s founding partner, was named a Titan of Plaintiffs' Bar by Law360 in 2020, underscoring the firm’s reputable standing in legal circles. Many attorneys at Rosen Law have received accolades from Lawdragon and Super Lawyers, lending additional credibility to the firm’s expertise.

Final Thoughts

As the situation continues to develop, the Rosen Law Firm encourages all affected investors to remain informed and proactive in seeking their rights. Following the firm on various social media platforms, including LinkedIn, Twitter, and Facebook can provide additional updates and insights as the case progresses. It’s crucial for investors to stay vigilant and to consult qualified legal assistance if they feel they have been impacted by Polestar’s recent disclosures.