NEW YORK, NY / ACCESSWIRE / January 18, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Polestar Automotive Holding UK PLC ("Polestar Automotive Holding UK PLC") (NASDAQ:PSNY) concerning possible violations of federal securities laws.
On January 16, 2025, Polestar filed a report with the U.S. Securities and Exchange Commission (SEC). The report, a Form 6-K, revealed that the company had identified errors in its previously reported financial statements. These errors affect the audited financial reports for the years ending December 31, 2022, and December 31, 2023, as well as unaudited financial reports for interim periods between September 30, 2022, and June 30, 2024.
Polestar announced that it would need to restate these financial documents, including the interim financials for the six-month periods ending June 30, 2023, and June 30, 2024.
Following this news, Polestar’s Class A American Depositary Shares (ADS) fell over 11% during intraday trading on the same day. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
View the original press release on ACCESS Newswire
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