NEW
YORK, May 18, 2022 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Lucid Group,
Inc..
Shareholders who purchased shares of LCID during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/lucid-group-inc-loss-submission-form/?id=27337&from=4
CLASS PERIOD: 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.
ALLEGATIONS: 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.
DEADLINE: May 31, 2022
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/lucid-group-inc-loss-submission-form/?id=27337&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of LCID during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is May 31, 2022. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm