LOS ANGELES, December 8, 2021 / PRNewswire / – Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors from Lucid Group, Inc. (“Lucid” or “the Company” ) (NASDAQ: LCID) for violations of securities laws.
The investigation focuses on whether the Company has made false and / or misleading statements and / or failed to disclose relevant information to investors. Lucid disclosed on December 3, 2021, that he had received a subpoena from the SEC. Federal regulators have requested documents on the company’s merger with Special Purpose Acquisition Company (SPAC) Churchill Capital Corp. IV and Atieva, Inc. Based on this news, Lucid shares fell more than 7.5% in intraday trading on December 6, 2021.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by counsel. If you choose not to take any action, you can remain an absent member of the group.
Schall law firm represents investors around the world and specializes in securities class actions and shareholder rights litigation.
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