Shareholder rights law firm Robbins LLP announces it is investigating Lucid Group Inc. (NASDAQ: LCID) to determine whether certain Lucid officers and directors violated securities laws or breached their fiduciary duties to the Company and its shareholders. Lucid develops electric vehicle technologies.
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Lucid Group Inc. (LCID) is the Subject of an SEC Investigation
Today, Lucid, formerly known as Atieva, Inc., announced that the Securities and Exchange Commission is investigating the Company's $11.75 billion SPAC merger and has issued a subpoena for documents. Lucid noted in a Form 8-K filed with the SEC that it received a subpoena on December 3, 2021, requesting "the production of certain documents related to an investigation by the SEC" that "appears to concern the business combination between the Company (f/k/a Churchill Capital Corp. IV) and Atieva, Inc. and certain projections and statements."
Lucid Group, Inc. (LCID) shareholders have legal options. All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
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