Rosen Law Firm, a global investor rights law firm, reminds purchasers of Lucid Group, Inc. (NASDAQ: LCID) securities that the lead plaintiff deadline in the securities class action is July 28, 2026. The lawsuit seeks to recover losses for investors who bought Lucid shares between November 7, 2023, and May 6, 2026, inclusive (the class period).
According to the complaint, Lucid made false and misleading statements about its production targets, demand for its electric vehicles, and financial outlook. Specifically, the company allegedly overstated its ability to ramp up production of the Lucid Air and understated the impact of supply chain issues and lower-than-expected demand.
Investors who suffered losses exceeding $100,000 are encouraged to contact Rosen Law Firm before the July 28 deadline to discuss their rights and potential lead plaintiff status. The firm has a track record of securing significant settlements for shareholders in securities class actions.
Lucid Group, based in Newark, California, manufactures luxury electric vehicles. The stock has declined significantly since the class period began, with the company reporting lower-than-expected deliveries and revenue in recent quarters. The case is pending in the U.S. District Court for the Northern District of California.
