SHAREHOLDER ALERT: Gross Law Firm Notifies Lucid Group, Inc. Shareholders of Class Action and Deadline for Lead Plaintiff of May 31, 2022

NEW YORK, April 6, 2022 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of Lucid Group, Inc.

Shareholders who have purchased shares of LCID during the class period indicated are encouraged to contact the company regarding the possible appointment of a lead plaintiff. Appointment as lead plaintiff is not required to participate in any recovery.


COURSE PERIOD: This lawsuit is on behalf of a class of all persons and entities who have purchased or otherwise acquired common stock of Lucid between November 15, 2021and February 28, 2022included.

ALLEGATIONS: The filed complaint alleges that the defendants made materially false and/or misleading statements and failed to disclose material adverse facts regarding Lucid’s business and operations. Specifically, the company overestimated its production capabilities while hiding that “extraordinary supply chain and logistics challenges” were hampering Lucid’s operations. Due to the defendants’ wrongful acts and omissions and the significant decline in the market value of Lucid’s common stock, Lucid’s investors suffered substantial damages.

DEADLINE: May 31, 2022 Shareholders should not delay in registering for this class action. Register your information here:

NEXT STEPS FOR SHAREHOLDERS: Once you have registered as a shareholder who has purchased shares of LCID during the period stated above, you will be enrolled in portfolio tracking software to provide you with status updates throughout the cycle life of the business. The deadline to apply to be a principal applicant is May 31, 2022. There is no cost or obligation for you to participate in this deal.

WHY BRUT CABINET D’AVOCATS? Gross Law Firm is a nationally recognized law firm, and our mission is to protect the rights of all investors who have suffered as a result of deception, fraud, and illegal business practices. Gross Law Firm is committed to ensuring that businesses adhere to responsible business practices and engage in good corporate citizenship. The Company seeks redress on behalf of investors who have suffered losses when false and/or misleading statements or omission of material information by a company has caused artificial inflation of the company’s stock. Lawyer advertisement. Prior results do not guarantee similar results.

The Raw Law Firm
15 West 38th Street, 12th Floor
New York, NY10018
E-mail: [email protected]
Telephone: (646) 453-8903

SOURCE The Raw Law Firm