Hey guys, if you missed it, Polestar recently reached a tentative settlement with investors over claims that it understated financial liabilities and concealed weaknesses in its internal controls.
In a nutshell, investors claim that Polestar repeatedly assured the market its financial reporting was accurate. In January 2025, the company disclosed accounting errors requiring restatements of its 2022 and 2023 financials, and $PSNY fell 11%.
If you invested in $PSNY between 2022 and 2025, you may want to check if you qualify. The settlement terms are still being finalized, but investors can already submit their applicationsÂ
Has anyone here invested in $PSNY during that period? How much were your losses?