Southern District Of New York Grants Motion To Dismiss Securities Class Action Against Automobile Manufacturing Company

On March 13, 2026, Judge Valerie Caproni of the United States District Court for the Southern District of New York granted a motion to dismiss a putative securities fraud class action against an automobile manufacturing company (the “Company”), and its former CEO and former CFO, alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), and Rule 10b-5 promulgated thereunder. Long v. Stellantis N.V., et al., No. 24-CV-6196 (S.D.N.Y. Mar. 13,... By: A&O Shearman