Recent Security Class Actions

Lucid Group Inc. Common Stock (NASDAQ: LCID)

Company Name:Lucid Group Inc. Common Stock
Stock Symbol:NASDAQ: LCID
Class Period Start:11/15/2021
Class Period End (inclusive):08/03/2022
Filing Deadline:05/31/2022

The Complaint alleges that, throughout the Class Period, the Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Lucid’s business and operations. Specifically, the Complaint alleges Lucid overstated its production capabilities while concealing that “extraordinary supply chain and logistics challenges” were hampering Lucid’s operations from the start of the Class Period, and that as a result of the Defendants’ wrongful acts and omissions, and the significant decline in the market value of Lucid’s common stock, Lucid investors have suffered significant damages.