Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased otherwise or acquired Lucid Group, Inc. (“Lucid”) (NASDAQ: LCID) common stock between November 15, 2021 and August 3, 2022, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Lucid’s business and operations. Specifically, Lucid overstated its production capabilities while concealing that “extraordinary supply chain and logistics challenges” were hampering Lucid’s operations from the start of the Class Period. 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.
Current Status of Case:
On February 27, 2026, the Lead Plaintiff filed its Motion for Class Certification. The parties (the Lead Plaintiff and the Defendants) are now in the process of briefing the Motion by submitting written arguments to the Court. In the meantime, the parties are engaged in the discovery process. This action is ongoing.
For more information on the case and the Motion for Class Certification, please visit our website at https://www.ktmc.com/featured-case/lucid-group-inc.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.