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

Pomerantz LLP filed a class action lawsuit against Lucid Group, Inc. and certain officers for securities fraud. The lawsuit alleges that Lucid made false statements about manufacturing and delivery improvements while concealing significant supplier quality issues that disrupted Lucid Gravity deliveries for 29 days in Q1 2026. The company produced 5,500 vehicles but delivered only 3,093, resulting in an 11.35% stock price decline on April 7, 2026, and subsequent disclosure of massive Q1 losses exceeding $1 billion.