An investigation on behalf of current long term investors in Lucid Group, Inc. (NASDAQ:LCID) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 08/09/2022 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Lucid Group, Inc..
Investors who are current long term investors in Lucid Group, Inc. (NASDAQ: LCID) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: LCID stocks follows a lawsuit filed against Lucid Group, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: LCID stocks, concerns whether certain Lucid Group directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that Lucid Group, Inc. overstated its production capabilities while concealing that "extraordinary supply chain and logistics challenges" were hampering Lucid's operations from the start between November 15, 2021, and February 28, 2022, and that 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.
Those who purchased shares of Lucid Group, Inc. (NASDAQ: LCID) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.