US Judge Dismisses Stellantis Shareholder Lawsuit
A Manhattan judge dismissed a lawsuit accusing Stellantis of defrauding shareholders through channel stuffing. The court found no evidence of intent to defraud investors.
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A federal judge in the United States has dismissed a shareholder lawsuit against Stellantis N.V. that accused the automaker of concealing a practice known as channel stuffing. The legal action claimed the company defrauded investors by failing to disclose that it was overloading its retail network with excessive inventory to create the appearance of short-term sales growth.
