1. Pomerantz LLP investigates claims against Geely for possible securities fraud. 2. Allegations stem from inflated sales figures of the Zeekr brand. 3. Recent reports suggest sales were manipulated to meet targets. 4. Geely's stock value has already seen a sharp decline. 5. Investors may join the class-action lawsuit for compensation.
Allegations of fraud and manipulation severely undermine investor confidence, similar to instances in other firms that faced similar allegations, such as Tesla during its SEC probe in 2018. The immediate drop in Geely's stock value indicates market reaction to such fraud claims.
The legal investigation highlights significant operational risks and potential financial liabilities that could greatly affect Geely's market performance. Given the scale of the allegations, they represent a major threat to the company’s financial health and investor sentiment.
The negative impact on GELYF is likely to be felt immediately due to loss of investor trust and potential legal repercussions. Similar situations in the past have resulted in quick drops in stock prices for companies involved in fraud allegations.
NEW YORK, Aug. 16, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Geely Automobile Holdings Limited ("Geely" or the "Company") (OTC:GELYF, GELYY)). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Geely and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 19, 2025, Reuters published an article reporting that Geely's premium electric vehicle brand "Zeekr inflated sales in recent years to hit aggressive targets," citing "documents reviewed by Reuters and interviews with dealers and buyers." The article reported that Zeekr "arranged for cars to be insured before they were sold to buyers, . . . enabling them under Chinese industry car registration practices to book sales early so they could hit the monthly and quarterly targets[.]"
On this news, the value of Geely securities fell sharply, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
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SOURCE Pomerantz LLP