ROSEN, A LEADING LAW FIRM, Urges Polestar Automotive Holding Investors To Inquire About Securities Class Action Investigation

New York, New York–(Newsfile Corp. – January 19, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of shareholders of Polestar (NASDAQ: ) Automotive Holding UK PLC (NASDAQ: PSNY ) arising out of allegations that Polestar may have issued materially misleading business information to investors public.

SO WHAT: If you have purchased Polestar securities, you may be entitled to compensation without paying any fees or out-of-pocket expenses through a contingency fee arrangement. The Rosen law firm is preparing a class action lawsuit seeking the return of investors’ losses.

WHAT TO DO NEXT: To join a potential class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=33703 or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action.

WHAT IT IS ABOUT: On January 16, 2025, before the market opened, Polestar filed a Current Report on Form 6-K with the US Securities and Exchange Commission. In this current report, Polestar announced that it has concluded that “the previously issued audited financial statements of the Company included in the Annual Reports on Form 20-F for the years ended December 31, 2022 and December 31, 2023 (the “Revised Affected ” ) and unaudited interim financial information included in the Current Reports on Form 6-K for the three-month periods ending and falling between September 30, 2022 and June 30, 2024 (“Unaudited Affected Financial Items” and together with the revised Affected Financial Information, the “Affected Financial Items”) contain errors that justify the restatement of the revised Affected Financial Information and Interim Financial Information for the six-month periods ended June 30 2023 and June 30, 2024.”

On this news, American depository shares of Polestar Class A fell more than 11% in intraday trading on January 16, 2025.

WHY ROSEN’S LAW: We encourage investors to choose a qualified advisor with experience in successful leadership roles. Often the companies issuing the notices do not have comparable experience, resources or any significant recognition from their peers. Many of these companies do not actually initiate securities class action lawsuits. Be wise in choosing an advisor. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and equity derivative litigation. The Rosen Law Firm has reached the largest class-action securities settlement against a Chinese company. The Rosen Law Firm is ranked #1 by ISS Securities Class Action (WA:) Services for numerous securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured more than $438 million for investors. In 2020, founding partner Laurence Rosen was named a Law360 Claimant Bar Association Titan. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

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