PHILADELPHIA, July 23, 2022 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that it is investigating Lucid Group, Inc. (“Lucid” or the “Company”) (NASDAQ:LCID), formerly known as Churchill Capital Corp. IV (CCIV), on behalf of the Company’s long-term investors.

Lucid designs, engineers, builds, and sells luxury electric vehicles (“EVs”).   Recently a securities fraud complaint was filed against Lucid on behalf of certain investors who purchased shares of the Company’s stock between November 15, 2021 and February 28, 2022. According to the complaint, during that time period Lucid made a series of materially false and/or misleading statements to investors, and failed to disclose material adverse facts to investors, about the Company’s business and operations. Specifically, defendants are alleged to have “overstated Lucid’s production …

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