Investigations

GRABAR LAW OFFICE INVESTIGATES POTENTIAL SHAREHOLDER ACTION ON BEHALF OF CURRENT SHAREHOLDERS OF LUCID GROUP, INC. (NASDAQ: LCID)

Grabar Law Office is investigating potential claims against the officers and directors of Lucid Group, Inc. (NASDAQ: LCID) on behalf of stockholders.

It is alleged the Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Lucid’s business and operations. Specifically, it has been alleged that Lucid overstated its production capabilities while concealing that “extraordinary supply chain and logistics challenges” were hampering Lucid’s operations from at least November 15, 2021, and that as a result of the Defendants’ wrongful acts and omissions, shareholders and the company have suffered significant damage.

Current Lucid shareholders who have held shares of the Company’s stock since November 15, 2021, can seek corporate reforms and potentially a court approved incentive award if appropriate. 

Unlike a class action, brought on behalf of damaged investors, a shareholder derivative action is an action brought by a shareholder of a public company on behalf of and for the benefit of the company itself against the directors and/or officers of that company. In a derivative action, shareholders “step into the shoes” of the directors and officers of a company and bring litigation that the board would be unwilling to pursue on its own.

If you would like to learn more about this matter at no cost to you, please fill out the form provided or contact us at jgrabar@grabarlaw.com or call 267-507-6085. $LCID

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