Grabar Law Office is investigating potential shareholder action on behalf of current shareholders of Lucid Group, Inc.

Philadelphia, Pa.–(Newsfile Corp. – May 6, 2022) – Grabar Law Office is investigating potential claims against officers and directors of Lucid Group, Inc. LCID on behalf of shareholders.

It is alleged that the defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding Lucid’s business and operations. Specifically, it was alleged that Lucid overestimated its production capabilities while concealing that “extraordinary supply chain and logistics challenges” had hampered Lucid’s operations since at least November 15, 2021, and that due to the wrongful acts and omissions of the defendants, the shareholders and the company suffered substantial damages.

Current Lucid stockholders who have held stock in the company since November 15, 2021 can seek corporate reforms and possibly a court-approved incentive award, if appropriate.

If you would like to know more about this at no cost to you, please complete the form provided at https://grabarlaw.com/the-latest/lucid-investigation/ or contact us at [email protected] or call 267-507-6085. $LCID

Lawyer Advertising Disclaimer

These materials have been prepared by Grabar Law Firm for informational purposes only and do not constitute legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Previous results mentioned in these documents do not guarantee or suggest a similar result in other areas.

Contact:

Joshua H. Grabar, Esq.
Grabar law firm
A place of freedom
1650 Market Street, Suite 3600
Philadelphia, Pennsylvania 19103
Tel: 267-507-6085
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123068

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