Stellantis is facing a lawsuit from an independent organization.

Reuters reported Wednesday that the Dutch nonprofit foundation Fiat Chrysler Investors Recovery Stitchting filed legal action against Stellantis for allegedly cheating on its emission tests. 

The foundation's legal representative shared that from 2014 until 2017, Fiat Chrysler failed to disclose that the company had allegedly installed illegal software in its vehicles, used to cover up emissions. 

Law firm Scott + Scott also released a brief statement, saying that the unfortunate status of the company has "significantly harmed" investors who buy or hold Fiat Chrysler shares.

Stellantis responded to the issue, saying that the lawsuit was without merit and that the company plans to do its best to defend itself.

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The news comes after Stellantis received flak from its shareholders in the United States. The fiasco was rooted in claims that Stellantis had allegedly concealed its rising inventories and posted "disappointing" earnings that resulted in a stock price decline.

The complaint was made in Manhattan. The file stated that Stellantis had caused inflation in its 2024 stock price by releasing "overly positive assessments" of its inventories, alongside its brand-new cars, pricing, and operating margin.

READ MORE HERE: Stellantis Faces UAW Strike Threat Over Delayed Reopening in Belvidere Plant: Report 

It also shared that the company's adjusted operating income margin encountered a nosedive, deviating from its original goal of achieving a double-digit figure. When the accusations were announced after two trading days, the U.S.-listed shares fell from $1.94 to $17.66.

Unspecified damages that transpired between Feb. 15 and July 24 were also being sought by the lawsuit. There was no response given by Stellantis when asked for a comment. 

Apart from the company's lawsuits and allegations, Stellantis encountered a strike threat from the United Auto Workers (UAW) union members for delaying the reopening of its Belvidere Assembly plant in Illinois. The union shared that the delay was a violation to its commitments in the contract.

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