{"success":true,"data":{"pressRelease":{"id":"50093","rtpr_id":"rest-75a140acb0cf68d5","ticker":"LCID","exchange":"NASDAQ","all_tickers":[],"title":"Pomerantz LLP Announces Commencement of Class Action Lawsuit Against Lucid Group, Inc.  – LCID","author":"ACCESSWIRE","published_at":"2026-05-31T22:00:02.827Z","article_body":"NEW YORK CITY, NY / ACCESS Newswire (https://www.accessnewswire.com/) / May\n31, 2026 / Pomerantz LLP announces that a class action lawsuit has been filed\nagainst Lucid Group, Inc. (\"Lucid\" or the \"Company\") (NASDAQ:LCID) and certain\nofficers.   The class action, filed in the United States District Court\nfor the Northern District of California, and docketed under 26-cv-05128, is on\nbehalf of a class consisting of all persons and entities other than Defendants\nthat purchased or otherwise acquired Lucid securities between February 25,\n2026 and April 13, 2026, both dates inclusive (the \"Class Period\"), seeking to\nrecover damages caused by Defendants' violations of the federal securities\nlaws and to pursue remedies under Sections 10(b) and 20(a) of the Securities\nExchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the\nCompany and certain of its top officials.\n\nIf you are an investor who purchased or otherwise acquired Lucid securities\nduring the Class Period, you have until July 28, 2026 to ask the Court to\nappoint you as Lead Plaintiff for the class.  A copy of the Complaint can be\nobtained at www.pomerantzlaw.com.  To discuss this action, contact Danielle\nPeyton at newaction@pomlaw.com or 646-581-9980 (tel:646-581-9980) (or\n888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are\nencouraged to include their mailing address, telephone number, and the number\nof shares purchased. \n\n[Click here for information about joining the class action]\n(https://pomlaw.com/learn-more-form?company=LCID)\n\nLucid is a technology company that designs, develops, manufactures, and sells\nelectric vehicles(\"EVs\"), EV powertrains, and battery systems. The Company's\nproducts include, inter alia, the \"Lucid Air\" sedan and \"Lucid Gravity\" sport\nutility vehicle.\n\nAt all relevant times, Defendants touted purported enhancements to Lucid's\nmanufacturing and delivery capabilities and overall operations. In particular,\nbeginning in late-February 2026, Defendants represented that, in fiscal year\n(\"FY\") 2025, they had implemented sustainable improvements in these areas,\nincluding with respect to the production and ramp-up of deliveries of the\nLucid Gravity. Defendants likewise asserted that these improvements would lead\nto profitable growth and performance efficiencies in FY 2026.Unbeknownst to\ninvestors, however, Lucid's performance was materially hampered by significant\nsupplier and delivery issues in February 2026, putting the Company on track\nfor dismal, rather than improved, performance in its first quarter (\"Q1\") of\n2026.\n\nThe complaint alleges that, throughout the Class Period, Defendants made\nmaterially false and misleading statements regarding the Company's business,\noperations, and prospects. Specifically, Defendants made false and/or\nmisleading statements and/or failed to disclose that: (i) a supplier quality\nissue had significantly disrupted deliveries of the Lucid Gravity; (ii) the\nforegoing was likely to, and did, have a material negative impact on the\nCompany's business and financial results; (iii) accordingly, the Defendants\nhad overstated the purported enhancements to Lucid's manufacturing and\ndelivery capabilities and overall operations; and (iv) as a result,\nDefendants' public statements were materially false and misleading at all\nrelevant times.\n\nThe truth began to emerge on April 3, 2026, when Lucid issued a press release\n\"announcing its Q1 2026 production and delivery totals[.]\" Lucid revealed that\nit had \"produced 5,500 vehicles\" during Q1 2026, while only \"delivering 3,093\nvehicles.\" The press release further disclosed that, \"during the quarter,\ndeliveries of the Lucid Gravity were disrupted for 29 days due to a supplier\nquality issue with the second-row seats\" and, \"[a]s a result of this, the\ncompany's ability to meet customer demand was impacted.\"\n\nThe same day, Reuters published an article entitled \"Lucid misses\nfirst-quarter vehicle delivery estimates on supplier disruptions\". The article\nprovided additional color and comments from Defendant Marc Winterhoff\n(\"Winterhoff\"), the Company's Interim Chief Executive Officer, regarding\nLucid's disappointing Q1 2026 delivery results-most notably that deliveries\nwere particularly impacted over a month earlier in February 2026, when Lucid\npaused to reverse an unauthorized supplier change and inspect vehicles already\nproduced.\n\nThe next trading day, April 6, 2026, 24/7 Wall St. published an article\nentitled \"Lucid Faces Biggest Disaster Ever\", which described the number of\nvehicles that Lucid delivered in Q1 2026 as \"remarkably small\", stating that\nLucid \"cannot sell fewer than 4,000 vehicles and even pretend this is\nsustainable.\"\n\nFollowing the foregoing news and disclosures, Lucid's stock price fell $1.13\nper share, or 11.35%, over the following two trading sessions, to close at\n$8.83 per share on April 7, 2026.\n\nOn April 14, 2026, Lucid filed a current report on Form 8-K with the United\nStates Securities and Exchange Commission, reporting, inter alia, its\npreliminary Q1 2026 financial results, including revenue in the range of $280\nmillion to $284 million-well below the consensus estimate of $433.8\nmillion-and losses from operations in the range of $985 million to $1.005\nbillion.\n\nThe same day, Lucid issued a press release revealing its plans for a $1.05\nbillion capital raise, including a $300 million public stock offering.\n\nFollowing these disclosures, Lucid's stock price fell $0.44 per share, or\n4.76%, to close at $8.80 per share on April 14, 2026.\n\nThen, on May 5, 2026, Lucid issued a press release reporting its Q1 2026\nfinancial results, including GAAP earnings per share of -$3.46, missing\nconsensus estimates by $0.83, a net loss of over $1 billion, and revenue of\n$282.47 million, missing consensus estimates by $76.04 million. Defendant\nWinterhoff, as quoted in the press release, acknowledged that the previously\ndisclosed \"supplier issue . . . during the quarter had an impact,\" and the\nneed to \"align[] production and delivery with customer demand.\" Lucid's Chief\nFinancial Officer, Defendant Taoufiq Boussaid, as quoted in the same press\nrelease, likewise acknowledged that \"[w]e ended the quarter with elevated\ninventory that we expect to convert to revenue and cash as deliveries\nnormalize[.]\"\n\nPomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris,\nand Tel Aviv, is acknowledged as one of the premier firms in the areas of\ncorporate, securities, and antitrust class litigation. Founded by the late\nAbraham L. Pomerantz, known as the dean of the class action bar, Pomerantz\npioneered the field of securities class actions. Today, more than 85 years\nlater, Pomerantz continues in the tradition he established, fighting for the\nrights of the victims of securities fraud, breaches of fiduciary duty, and\ncorporate misconduct. The Firm has recovered billions of dollars in damages\nawards on behalf of class members. See www.pomlaw.com.\n\nAttorney advertising. Prior results do not guarantee similar outcomes.\n\nSOURCE: Pomerantz LLP\n\n\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/business-and-professional-services/pomerantz-llp-announces-commencement-of-class-action-lawsuit-aga-1171959)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"id":"rest-75a140acb0cf68d5","title":"Pomerantz LLP Announces Commencement of Class Action Lawsuit Against Lucid Group, Inc.  – LCID","author":"ACCESSWIRE","ticker":"LCID","created":"2026-05-31T22:00:02.827Z","tickers":[],"exchange":"NASDAQ","article_body":"NEW YORK CITY, NY / ACCESS Newswire (https://www.accessnewswire.com/) / May\n31, 2026 / Pomerantz LLP announces that a class action lawsuit has been filed\nagainst Lucid Group, Inc. (\"Lucid\" or the \"Company\") (NASDAQ:LCID) and certain\nofficers.   The class action, filed in the United States District Court\nfor the Northern District of California, and docketed under 26-cv-05128, is on\nbehalf of a class consisting of all persons and entities other than Defendants\nthat purchased or otherwise acquired Lucid securities between February 25,\n2026 and April 13, 2026, both dates inclusive (the \"Class Period\"), seeking to\nrecover damages caused by Defendants' violations of the federal securities\nlaws and to pursue remedies under Sections 10(b) and 20(a) of the Securities\nExchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the\nCompany and certain of its top officials.\n\nIf you are an investor who purchased or otherwise acquired Lucid securities\nduring the Class Period, you have until July 28, 2026 to ask the Court to\nappoint you as Lead Plaintiff for the class.  A copy of the Complaint can be\nobtained at www.pomerantzlaw.com.  To discuss this action, contact Danielle\nPeyton at newaction@pomlaw.com or 646-581-9980 (tel:646-581-9980) (or\n888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are\nencouraged to include their mailing address, telephone number, and the number\nof shares purchased. \n\n[Click here for information about joining the class action]\n(https://pomlaw.com/learn-more-form?company=LCID)\n\nLucid is a technology company that designs, develops, manufactures, and sells\nelectric vehicles(\"EVs\"), EV powertrains, and battery systems. The Company's\nproducts include, inter alia, the \"Lucid Air\" sedan and \"Lucid Gravity\" sport\nutility vehicle.\n\nAt all relevant times, Defendants touted purported enhancements to Lucid's\nmanufacturing and delivery capabilities and overall operations. In particular,\nbeginning in late-February 2026, Defendants represented that, in fiscal year\n(\"FY\") 2025, they had implemented sustainable improvements in these areas,\nincluding with respect to the production and ramp-up of deliveries of the\nLucid Gravity. Defendants likewise asserted that these improvements would lead\nto profitable growth and performance efficiencies in FY 2026.Unbeknownst to\ninvestors, however, Lucid's performance was materially hampered by significant\nsupplier and delivery issues in February 2026, putting the Company on track\nfor dismal, rather than improved, performance in its first quarter (\"Q1\") of\n2026.\n\nThe complaint alleges that, throughout the Class Period, Defendants made\nmaterially false and misleading statements regarding the Company's business,\noperations, and prospects. Specifically, Defendants made false and/or\nmisleading statements and/or failed to disclose that: (i) a supplier quality\nissue had significantly disrupted deliveries of the Lucid Gravity; (ii) the\nforegoing was likely to, and did, have a material negative impact on the\nCompany's business and financial results; (iii) accordingly, the Defendants\nhad overstated the purported enhancements to Lucid's manufacturing and\ndelivery capabilities and overall operations; and (iv) as a result,\nDefendants' public statements were materially false and misleading at all\nrelevant times.\n\nThe truth began to emerge on April 3, 2026, when Lucid issued a press release\n\"announcing its Q1 2026 production and delivery totals[.]\" Lucid revealed that\nit had \"produced 5,500 vehicles\" during Q1 2026, while only \"delivering 3,093\nvehicles.\" The press release further disclosed that, \"during the quarter,\ndeliveries of the Lucid Gravity were disrupted for 29 days due to a supplier\nquality issue with the second-row seats\" and, \"[a]s a result of this, the\ncompany's ability to meet customer demand was impacted.\"\n\nThe same day, Reuters published an article entitled \"Lucid misses\nfirst-quarter vehicle delivery estimates on supplier disruptions\". The article\nprovided additional color and comments from Defendant Marc Winterhoff\n(\"Winterhoff\"), the Company's Interim Chief Executive Officer, regarding\nLucid's disappointing Q1 2026 delivery results-most notably that deliveries\nwere particularly impacted over a month earlier in February 2026, when Lucid\npaused to reverse an unauthorized supplier change and inspect vehicles already\nproduced.\n\nThe next trading day, April 6, 2026, 24/7 Wall St. published an article\nentitled \"Lucid Faces Biggest Disaster Ever\", which described the number of\nvehicles that Lucid delivered in Q1 2026 as \"remarkably small\", stating that\nLucid \"cannot sell fewer than 4,000 vehicles and even pretend this is\nsustainable.\"\n\nFollowing the foregoing news and disclosures, Lucid's stock price fell $1.13\nper share, or 11.35%, over the following two trading sessions, to close at\n$8.83 per share on April 7, 2026.\n\nOn April 14, 2026, Lucid filed a current report on Form 8-K with the United\nStates Securities and Exchange Commission, reporting, inter alia, its\npreliminary Q1 2026 financial results, including revenue in the range of $280\nmillion to $284 million-well below the consensus estimate of $433.8\nmillion-and losses from operations in the range of $985 million to $1.005\nbillion.\n\nThe same day, Lucid issued a press release revealing its plans for a $1.05\nbillion capital raise, including a $300 million public stock offering.\n\nFollowing these disclosures, Lucid's stock price fell $0.44 per share, or\n4.76%, to close at $8.80 per share on April 14, 2026.\n\nThen, on May 5, 2026, Lucid issued a press release reporting its Q1 2026\nfinancial results, including GAAP earnings per share of -$3.46, missing\nconsensus estimates by $0.83, a net loss of over $1 billion, and revenue of\n$282.47 million, missing consensus estimates by $76.04 million. Defendant\nWinterhoff, as quoted in the press release, acknowledged that the previously\ndisclosed \"supplier issue . . . during the quarter had an impact,\" and the\nneed to \"align[] production and delivery with customer demand.\" Lucid's Chief\nFinancial Officer, Defendant Taoufiq Boussaid, as quoted in the same press\nrelease, likewise acknowledged that \"[w]e ended the quarter with elevated\ninventory that we expect to convert to revenue and cash as deliveries\nnormalize[.]\"\n\nPomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris,\nand Tel Aviv, is acknowledged as one of the premier firms in the areas of\ncorporate, securities, and antitrust class litigation. Founded by the late\nAbraham L. Pomerantz, known as the dean of the class action bar, Pomerantz\npioneered the field of securities class actions. Today, more than 85 years\nlater, Pomerantz continues in the tradition he established, fighting for the\nrights of the victims of securities fraud, breaches of fiduciary duty, and\ncorporate misconduct. The Firm has recovered billions of dollars in damages\nawards on behalf of class members. See www.pomlaw.com.\n\nAttorney advertising. Prior results do not guarantee similar outcomes.\n\nSOURCE: Pomerantz LLP\n\n\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/business-and-professional-services/pomerantz-llp-announces-commencement-of-class-action-lawsuit-aga-1171959)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":""},"received_at":"2026-05-31T22:11:37.007Z","source_url":"https://www.accessnewswire.com/newsroom/en/business-and-professional-services/pomerantz-llp-announces-commencement-of-class-action-lawsuit-aga-1171959"},"analysis":{"id":"39522","press_release_id":"50093","analysis_json":{"industry":{"label":"Automobile Manufacturers","sector":"Consumer Discretionary"},"redFlags":[],"eventType":"legal_litigation","narrative":"Pomerantz LLP filed a securities class-action lawsuit against Lucid Group and certain officers in the Northern District of California.\n\nThe complaint alleges false statements regarding manufacturing capabilities and supplier issues that disrupted Lucid Gravity deliveries in Q1 2026.\n\nInvestors who purchased shares between February 25 and April 13, 2026, are solicited to contact the firm by the July 28, 2026 lead plaintiff deadline.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{},"quotedText":"If you are an investor who purchased or otherwise acquired Lucid securities during the Class Period, you have until July 28, 2026 to ask the Court to appoint you as Lead Plaintiff for the class.","namedEntities":{"people":[{"name":"Marc Winterhoff","role":"Interim CEO"},{"name":"Taoufiq Boussaid","role":"CFO"},{"name":"Danielle Peyton","role":"Attorney"}],"products":["Lucid Air","Lucid Gravity"],"companies":[{"name":"Lucid Group, Inc.","ticker":"LCID","relationship":"defendant"},{"name":"Pomerantz LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm shareholder solicitation issued by Pomerantz LLP. No new disclosure from the issuer; no certified class, no settlement. 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