Current status of proceedings FCIRS

5. Judgment following oral hearing
The District Court North Holland has announced that it expects to render its judgment following the oral hearing on 23 July 2025. It is possible that this date may change.

4. First court hearing
The District Court North Holland set a court hearing on 16 June 2025 to deal with FCIRS’ standing to bring its claim forward. FCIRS is confident that it fulfils the relevant requirements, allowing it to proceed with the matter.

3. Statement of defence
Stellantis filed its limited statement of defence on 26 February 2025. This defence is mainly focused on the first stage of the legal proceedings, which is the determination whether the WAMCA (Wet Afwikkeling Massaschade Collectieve Actie / Class Action Mass Claims Settlement Act) is applicable to FCIRS’ action and whether FCIRS has standing to bring its claim forward.

2. Issue summons
On 27 August 2024 FCIRS issued the summons to Stellantis, starting the legal proceedings before the District Court North Holland.

1. Invitation to open negotiations
On 10 January 2022 FCIRS sent a letter to Stellantis (the legal successor of Fiat Chrysler), holding Stellantis liable for the damages incurred by the affected investors and inviting Stellantis to enter into settlement negotiations. Stellantis did not respond to this letter. On 9 July 2024 FCIRS sent another letter to Stellantis, giving Stellantis a final invitation to enter into settlement negotiations before initiating legal proceedings. Stellantis did not accept this final invitation to enter into settlement negotiations.