The Portnoy Law Firm has announced a class action lawsuit on behalf of Lucid Group investors who purchased securities between February 25, 2026 and April 13, 2026. The lawsuit alleges that Lucid made false or misleading statements by failing to disclose that a supplier quality issue significantly disrupted deliveries of the Lucid Gravity, which materially impacted the company's business and financial results. Investors have until July 28, 2026 to file a lead plaintiff motion. The firm's founding partner has recovered over $5.5 billion for aggrieved investors.
Lucid Group IncClass action lawsuit alleging Lucid failed to disclose supplier quality issues that disrupted deliveries, harming investors.