SAN DIEGOâ ââ(BUSINESS WIRE) –$ LCID #Churchill– Law firm in shareholder law Robbins LLP announces that it is investigating Lucid Group Inc. (NASDAQ: LCID) to determine whether certain officers and directors of Lucid have violated securities laws or have failed in their fiduciary duties to the Company and its shareholders. Lucid develops electric vehicle technologies.
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Lucid Group Inc. (LCID) Under SEC Investigation
Today, Lucid, formerly known as Atieva, Inc., announced that the Securities and Exchange Commission is investigating the company’s $ 11.75 billion PSPC merger and has issued a subpoena for documents. Lucid noted in a Form 8-K filed with the SEC that he received a subpoena on December 3, 2021, requesting “the production of certain documents relating to an SEC investigation” which “appears to relate to the consolidation of ‘undertakings between the Company (f / k / a Churchill Capital Corp. IV) and Atieva, Inc. and certain projections and statements.
The shareholders of Lucid Group, Inc. (LCID) have legal options. Any representation is on the basis of contingency fees. Shareholders pay no fees or expenses.
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