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SHAREHOLDER ALERT: Robbins LLP Investigates Lucid Group Inc. (LCID)

·1-min read

SAN DIEGO, December 06, 2021--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP announces it is investigating Lucid Group Inc. (NASDAQ: LCID) to determine whether certain Lucid officers and directors violated securities laws or breached their fiduciary duties to the Company and its shareholders. Lucid develops electric vehicle technologies.

Contact us if you would like more information about the alleged wrongdoing by Lucid Group Inc.

Lucid Group Inc. (LCID) is the Subject of an SEC Investigation

Today, Lucid, formerly known as Atieva, Inc., announced that the Securities and Exchange Commission is investigating the Company's $11.75 billion SPAC merger and has issued a subpoena for documents. Lucid noted in a Form 8-K filed with the SEC that it received a subpoena on December 3, 2021, requesting "the production of certain documents related to an investigation by the SEC" that "appears to concern the business combination between the Company (f/k/a Churchill Capital Corp. IV) and Atieva, Inc. and certain projections and statements."

Lucid Group, Inc. (LCID) shareholders have legal options. All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more:

Aaron Dumas
(800) 350-6003
adumas@robbinsllp.com
Shareholder Information Form

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against Lucid Group, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211206005837/en/

Contacts

Aaron Dumas
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122
adumas@robbinsllp.com
(800) 350-6003
www.robbinsllp.com