Lucid Group, Inc.

LCID
Mangino v. Lucid Group, Inc. et al., (Case No. 3:22-cv-02094), N.D. Cal.

The complaint alleges that Lucid made materially false and/or misleading statements and failed to disclose material adverse facts, including that it: (i) had only delivered approximately 125 EVs in 2021 and still had only produced approximately 400 EVs by February 28, 2022; (ii) would only produce between 12,000 and 14,000 EVs in 2022; and (iii) would delay the launch of the Lucid Gravity until 2024.

Shares of Lucid Group stock fell more than 13% in intraday trading on February 28, 2022.

Lead Plaintiff deadline
May 31, 2022
class period
November 15, 2021
to
February 28, 2022
Case Documents
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