Kehoe Law Firm, P.C. is investigating whether certain executive officers and directors of Lucid Group, Inc. (“Lucid” or the “Company”) (NASDAQ:LCID) breached their fiduciary duties by failing to manage Lucid in an acceptable manner and whether Lucid and its shareholders were harmed as a result.
Key Issues of the Investigation
The breach of fiduciary duties investigation focuses on whether Lucid’s officers or directors made materially false and misleading statements or failed to disclose material information, including:
- Whether the Company’s failure to meet its target production of Lucid Air vehicles was due to global supply chain and logistics challenges or stemmed from undisclosed internal logistical, inventory, or other operational deficiencies in its warehouse and production line that prevented it from achieving previously forecasted production levels.
Lucid Investors: Learn More About the Investigation and Your Legal Options
To learn more about the investigation or discuss potential legal claims, please send us a message or contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], for a free, no-obligation legal evaluation.
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.
Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.
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