Current status of proceedings FCIRS

5. Decision following oral hearing
On 23 July 2025, the District Court of North Holland rendered its decision following the oral hearing in the proceedings brought by Fiat Chrysler Investors Recovery Stichting (“FCIRS”) against Stellantis.

In its decision, the District Court decided on the applicable collective action regime and the admissibility of FCIRS. The District Court held that the new collective action regime (allowing damages claims) is applicable. In addition, the District Court takes the view that FCIRS is not admissible to bring its claim under this new regime. The District Court considered that in its view it could not be established that FCIRS is sufficiently representative. The District Court did not allow FCIRS to further substantiate its position.

FCIRS disagrees with the District Court's view on the admissibility of FCIRS. FCIRS is considering to appeal the decision and will inform its constituency of further developments in due course. Participants and interested parties can contact FCIRS by email (info@fiatchryslerinvestorsrecoverystichting.com) with any questions regarding the decision or other activities of FCIRS.

4. First court hearing
The District Court of 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 of 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.