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

Pomerantz LLP has filed a class action lawsuit against Lucid Group, Inc. and certain officers for alleged securities fraud. The lawsuit claims 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 delivered only 3,093 vehicles against 5,500 produced, resulting in an 11.35% stock price decline on April 7, 2026, and subsequent disclosure of massive losses exceeding $1 billion.