Pomerantz Law Firm Announces the Filing of a Class Action Against Lucid Group, Inc . and Certain Officers - LCID

A class action has been filed against Lucid Group, Inc. and certain officers, according to Pomerantz LLP. The lawsuit, lodged in the U.S. District Court for the Northern District of California under docket 26-cv-05128, seeks damages for alleged violations of federal securities laws and remedies under Sections 10(b) and 20(a) and Rule 10b-5. The class period covers purchases or acquisitions of Lucid securities between February 25, 2026 and April 13, 2026. Investors have until July 28, 2026 to request appointment as Lead Plaintiff. Lucid designs, develops, manufactures, and sells electric vehicles, EV powertrains, and battery systems, including the Lucid Air and Lucid Gravity. The complaint alleges that from late February 2026, officials claimed sustainable improvements to manufacturing and delivery, including ramping Lucid Gravity deliveries, but that supplier and delivery issues in February materially hampered performance heading into Q1 2026. Pomerantz describes the filings as alleging misleading statements about business, operations, and prospects.