Aug. 7 at 2:19 PM
Polestar Automotive (
$PSNY) Agreed to Settle With Investors
A tentative settlement was reached over claims that Polestar understated financial liabilities and concealed weaknesses in its internal controls.
What happened?
Polestar repeatedly told investors its financial reporting and internal controls were in good shape. In January 2025, the company disclosed accounting errors requiring restatements of its 2022 and 2023 financials, and
$PSNY fell 11%.
Who qualifies?
Buyers of
$PSNY between 2022 and 2025.
Apply now: https://11th.com/cases/polestar-investor-settlement
