Grabar Law Office Investigates Potential Shareholder Action on Behalf of Current Shareholders of Lucid Group, Inc.

Philadelphia, Pennsylvania--(Newsfile Corp. - May 6, 2022) - 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.

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

Attorney Advertising Disclaimer

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

Contact:

Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com

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