NEW
YORK, May 27, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Lucid Group, Inc. (NASDAQ:
LCID).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/lucid-group-inc-loss-submission-form/?id=27749&from=4
This lawsuit is on behalf of a class of all persons and entities
who purchased or otherwise acquired Lucid common stock between
November 15, 2021, and February 28, 2022, inclusive.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
May 31, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
The filed complaint alleges that defendants made materially
false and/or misleading statements and failed to disclose material
adverse facts about Lucid's business and operations. Specifically,
the Company overstated its production capabilities while concealing
that "extraordinary supply chain and logistics challenges" were
hampering Lucid's operations. 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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law