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Important Notice for Lucid Group, Inc. Shareholders

On June 16, 2026, The Gross Law Firm released a crucial alert for shareholders of Lucid Group, Inc. (NASDAQ: LCID). Those who purchased shares during the specified class period are advised to take immediate action regarding a securities class action that is currently underway. This notice is especially pertinent for anyone looking to safeguard their investments amid allegations of misleading company statements.

Key Details of the Case

The class period in question spans from February 25, 2026, to April 13, 2026. During this time, it is alleged that the defendants, including key executives and the company itself, presented materially false and misleading statements about Lucid’s operational capabilities. Specific accusations include serious supplier quality issues that significantly hampered deliveries of the Lucid Gravity, which is likely to have negatively influenced the company’s financial results.

Allegations Breakdown

1. Disruption in Deliveries: Lucid allegedly faced major delivery disruptions due to supplier quality issues.
2. Impact on Financial Results: These disruptions may have resulted in a detrimental effect on the company’s business performance.
3. Overstatements on Manufacturing: Public statements from the company purported enhancements in manufacturing and delivery capabilities that were inaccurate.
4. Misleading Communications: Throughout the class period, the information provided to the public is claimed to have been materially false and misleading.

These alarming allegations point to a potential overvaluation of stocks by the company's inability to transparently communicate underlying challenges, leaving investors vulnerable to financial loss.

Lead Plaintiff Deadline

A crucial date for investors is July 28, 2026. This is the deadline for shareholders to register their interest in being appointed as lead plaintiffs in this class action. While seizing this opportunity is critical, it’s important to note that appointment as a lead plaintiff is not a requirement for participation in any potential recovery.

Steps for Shareholders

• - Register: Interested shareholders should immediately register their information. This will ensure enrollment in monitoring tools that provide status updates throughout the litigation process.
• - No Cost to Participate: There is no financial obligation required to join the case, making it accessible for any shareholders who have incurred losses during the specified period.
• - Contact Information: Shareholders seeking assistance can reach out to The Gross Law Firm directly. The firm has a strong commitment to supporting investors' rights and aims to hold businesses accountable for fraud or misleading actions.

Why Choose Gross Law Firm?

The Gross Law Firm is nationally recognized for its efforts in class action lawsuits, advocating for investors who have faced deceit and fraud. Their mission is to ensure companies adhere to responsible practices and transparency, reinforcing corporate accountability. They are focused on pursuing recovery for investors adversely affected by the propagation of false or misleading information.

Contact Information

Address: 15 West 38th Street, 12th Floor, New York, NY, 10018
Phone: (646) 453-8903
Email: [email protected]

Shareholders are encouraged to act now and take the necessary steps to protect their interests and recover potential losses through this class action. Time is of the essence, and ensuring your participation may be vital in the year ahead.