San Diego, CA -- (SBWIRE) -- 05/26/2022 -- The Shareholders Foundation announced that a deadline is coming up on May 31, 2022, in the lawsuit filed for certain investors of Lucid Group, Inc. (NASDAQ: LCID).

Investors who purchased shares of Lucid Group, Inc. (NASDAQ: LCID) have certain options and there are strict and short deadlines running. Deadline: May 31, 2022. NASDAQ: LCID stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges on behalf of purchasers of Lucid Group, Inc. (NASDAQ: LCID) common shares between November 15, 2021, and February 28, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 15, 2021, and February 28, 2022, 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.

Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

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.