{"id":15568,"date":"2026-06-03T21:50:00","date_gmt":"2026-06-03T19:50:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=cab5b0ae3b94e01ceee251a7fc01b0bc"},"modified":"2026-06-03T21:50:00","modified_gmt":"2026-06-03T19:50:00","slug":"law-offices-of-howard-g-smith-encourages-lucid-group-inc-lcid-shareholders-to-inquire-about-securities-fraud-class-action","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=15568","title":{"rendered":"Law Offices of Howard G. Smith Encourages Lucid Group, Inc. (LCID) Shareholders To Inquire About Securities Fraud Class Action"},"content":{"rendered":"

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Lucid Group, Inc. (\u201cLucid\u201d or the \u201cCompany\u201d) (NASDAQ: LCID<\/a>) securities between February 25, 2026 and April 13, 2026<\/b>, inclusive (the \u201cClass Period\u201d). Lucid investors have until July 28, 2026 <\/b>to file a lead plaintiff motion.<\/p>

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN LUCID GROUP, INC. (LCID), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.<\/b><\/p>

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com<\/a>, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com<\/a>.<\/p>

What Happened?<\/b><\/p>

On April 3, 2026, Lucid announced its first quarter 2026 production and delivery totals, revealing that is had \u201cproduced 5,500 vehicles\u201d but only \u201cdelivered 3,093 vehicles.\u201d The Company explained that \u201cdeliveries of the Lucid Gravity were disrupted for 29 days due to a supplier quality issue with the second-row seats\u201d and, \u201c[a]s a result of this, the company\u2019s ability to meet customer demand was impacted.\u201d<\/p>

The same day, Reuters <\/i>published an article regarding Lucid\u2019s delivery results, noting that deliveries had been impacted over a month earlier in February 2026 when Lucid paused to reverse an unauthorized supplier change and inspect vehicles already produced.<\/p>

Then, on April 6, 2026, 24\/7 Wall St. <\/i>published an article stating that Lucid \u201ccannot sell fewer than 4,000 vehicles and even pretend this is sustainable.\u201d<\/p>

On this news, Lucid\u2019s stock price fell $1.13, or 11.35%, over two consecutive trading days, to close at $8.83 per share on April 7, 2026, thereby injuring investors.<\/p>

Then, on April 14, 2026, Lucid released preliminary first quarter 2026 financial results, including revenue in the range of $280 million to $284 million, missing consensus estimates of $433.8 million, and losses from operations in the range of $985 million to $1.005 billion. The Company also revealed plans for a $1.05 billion capital raise, including a $300 million public stock offering.<\/p>

On this news, Lucid\u2019s stock price fell $0.44, or 4.76%, to close at $8.80 per share on April 14, 2026.<\/p>

Then, on May 5, 2026, Lucid released its first quarter 2026 financial results, reporting GAAP earnings per share of -$3.46, missing consensus estimates by $0.83, a net loss of over $1 billion, and revenue of $282.47 million, missing consensus estimates by $76.04 million. The Company explained that the \u201csupplier issue . . . during the quarter had an impact,\u201d while also acknowledging that it \u201cended the quarter with elevated inventory[.]\u201d<\/p>

On this news, Lucid\u2019s stock price fell $0.50, or 7.47%, over two consecutive trading days, to close at $6.19 per share on May 6, 2026, thereby injuring investors further.<\/p>

What Is The Lawsuit About?<\/b><\/p>

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (2) the foregoing was likely to, and did, have a material negative impact on the Company\u2019s business and financial results; (3) accordingly, the Defendants had overstated the purported enhancements to Lucid\u2019s manufacturing and delivery capabilities and overall operations; and (4) as a result, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis at all relevant times.<\/p>

Contact Us To Participate or Learn More:<\/b><\/p>

If you purchased Lucid securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:<\/p>

Law Offices of Howard G. Smith,3070 Bristol Pike, Suite 112,Bensalem, Pennsylvania 19020,Telephone: (215) 638-4847Email: howardsmith@howardsmithlaw.com<\/a>,Visit our website at: www.howardsmithlaw.com<\/a>.<\/p>

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p> Contacts<\/b>

Law Offices of Howard G. SmithHoward G. Smith, Esquire215-638-4847howardsmith@howardsmithlaw.com<\/a>www.howardsmithlaw.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

BENSALEM, Pa.–(BUSINESS WIRE)–Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Lucid Group, Inc. (\u201cLucid\u201d or the \u201cCompany\u201d) (NASDAQ: LCID) securities between February 25, 2026 an…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15568","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/15568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15568"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/15568\/revisions"}],"predecessor-version":[{"id":15569,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/15568\/revisions\/15569"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}