LCID EQUITY ALERT: Rosen Law Firm Encourages Lossed Lucid Group, Inc. Investors to Get Counsel Ahead of Important Deadline in Securities Class Action – LCID | Business


WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Lucid Group, Inc. (NASDAQ: LCID) securities between November 15, 2021 and November 28, 2021. February 2022 inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than May 31, 2022.

SO WHAT: If you purchased Lucid titles during the Class Period, you may be entitled to compensation without payment of fees or out-of-pocket costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Lucid class action, go to—id=4992 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email or for class action information. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than May 31, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.

WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, the defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose material adverse facts regarding the Company’s business and operations. Specifically, the defendants overestimated Lucid’s production capabilities while concealing that “extraordinary supply chain and logistics challenges” were already significantly hampering the company’s operations.

No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.

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CONTACT: Laurence Rosen, Esq.

275 Madison Avenue, 40th Floor

Toll Free: (866) 767-3653



Copyright BusinessWire 2022.

PUBLISHED: 04/04/2022 12:43 PM / DISK: 04/04/2022 12:43 PM

Copyright BusinessWire 2022.