{"id":969615,"date":"2026-06-02T14:43:15","date_gmt":"2026-06-02T18:43:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/berger-montague-pc-investigating-claims-on-behalf-of-lucid-group-inc-nasdaq-lcid-investors-after-class-action-filing\/"},"modified":"2026-06-02T14:43:15","modified_gmt":"2026-06-02T18:43:15","slug":"berger-montague-pc-investigating-claims-on-behalf-of-lucid-group-inc-nasdaq-lcid-investors-after-class-action-filing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/berger-montague-pc-investigating-claims-on-behalf-of-lucid-group-inc-nasdaq-lcid-investors-after-class-action-filing\/","title":{"rendered":"Berger Montague PC Investigating Claims on Behalf of Lucid Group, Inc. (NASDAQ: LCID) Investors After Class Action Filing"},"content":{"rendered":"
\n

PHILADELPHIA, June 02, 2026 (GLOBE NEWSWIRE) — National plaintiffs\u2019 law firm Berger Montague PC<\/u><\/a> announces a class action lawsuit against Lucid Group, Inc. (NASDAQ: LCID)<\/strong> (\u201cLucid\u201d or the \u201cCompany\u201d) on behalf of investors who purchased or acquired Lucid common stock during the period from February 25, 2026 through April 13, 2026 <\/strong>(the \u201cClass Period\u201d).<\/p>\n

\n
\n Investor Deadline: <\/em>
\n <\/strong>
\n Investors who purchased or acquired <\/em>
\n
\n Lucid <\/em>
\n <\/strong>
\n common stock during the Class Period may, no later than <\/em>
\n
\n July 28, 2026<\/em>
\n <\/strong>
\n , seek to be appointed as a lead plaintiff representative of the class. To learn your rights, <\/em>
\n
\n
\n
\n CLICK HERE<\/u>
\n <\/em>
\n <\/strong>
\n <\/a>
\n .<\/em>\n <\/p>\n

Lucid, based in Newark, California, is an electric vehicle and technology company that engineers its EVs, powertrains, and battery systems in-house.<\/p>\n

According to the complaint, Defendants withheld from investors that a defect in a vendor-supplied component was already interrupting deliveries of the Lucid Gravity, the Company\u2019s SUV, and that the disruption would, and in fact did, adversely impact Lucid\u2019s operating results for Q1 2026.<\/p>\n

The true state of Lucid\u2019s operations began to surface on April 3, 2026, when the Company released its Q1 2026 production and delivery figures and reported that it had built 5,500 vehicles for the quarter but handed over only 3,093, explaining that Lucid Gravity deliveries had been halted for 29 days because of a quality problem with the second-row seats supplied by a vendor. Reuters<\/em> reported the same day that the slowdown traced back to February 2026, when Lucid had stopped deliveries to undo a supplier change it had not authorized and to re-inspect cars it had already assembled. Over the next two trading sessions, Lucid\u2019s stock fell $1.13 per share, or 11.35%, closing at $8.83 per share on April 7, 2026.<\/p>\n

More bad news followed on April 14, 2026, when Lucid disclosed preliminary Q1 2026 revenue of roughly $280 million to $284 million \u2014 far short of the $433.8 million analysts had expected \u2014 alongside operating losses of approximately $985 million to $1.005 billion. The Company separately announced that it would raise about $1.05 billion in fresh capital, including a $300 million stock offering. Lucid\u2019s shares declined another $0.44 per share, or 4.76%, to close at $8.80 per share on April 14, 2026.<\/p>\n

\n
\n If you are a Lucid investor and would like to learn more about this action, <\/em>
\n <\/strong>
\n
\n
\n
\n CLICK HERE<\/u>
\n <\/em>
\n <\/strong>
\n <\/a>
\n
\n or please contact Berger Montague: Andrew Abramowitz at <\/em>
\n <\/strong>
\n
\n
\n
\n aabramowitz@bergermontague.com<\/u>
\n <\/em>
\n <\/strong>
\n <\/a>
\n
\n or (215) 875-3015, or Caitlin Adorni at <\/em>
\n <\/strong>
\n
\n
\n
\n cadorni@bergermontague.com<\/u>
\n <\/em>
\n <\/strong>
\n <\/a>
\n
\n or (267) 764-4865.<\/em>
\n <\/strong>\n <\/p>\n

\n About Berger Montague<\/strong>
\n
Berger Montague is one of the nation\u2019s preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.<\/p>\n

For more information or to discuss your rights, please contact:<\/p>\n

\n Andrew Abramowitz<\/strong>
\n
Berger Montague
(215) 875-3015
aabramowitz@bergermontague.com<\/p>\n

\n Caitlin Adorni<\/strong>
\n
Berger Montague
(267)764-4865
cadorni@bergermontague.com<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

PHILADELPHIA, June 02, 2026 (GLOBE NEWSWIRE) — National plaintiffs\u2019 law firm Berger Montague PC announces a class action lawsuit against Lucid Group, Inc. (NASDAQ: LCID) (\u201cLucid\u201d or the \u201cCompany\u201d) on behalf of investors who purchased or acquired Lucid common stock during the period from February 25, 2026 through April 13, 2026 (the \u201cClass Period\u201d). Investor Deadline: Investors who purchased or acquired Lucid common stock during the Class Period may, no later than July 28, 2026 , seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE . Lucid, based in Newark, California, is an electric vehicle and technology company that engineers its EVs, powertrains, and battery systems in-house. According to the complaint, … <\/p>\n

Continue reading “Berger Montague PC Investigating Claims on Behalf of Lucid Group, Inc. (NASDAQ: LCID) Investors After Class Action Filing”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-969615","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBerger Montague PC Investigating Claims on Behalf of Lucid Group, Inc. 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