July 28, 2026, marks the deadline for Lucid Group, Inc. investors to seek lead plaintiff status in a securities fraud class action.
The lawsuit alleges Lucid concealed supplier quality issues that significantly disrupted Gravity SUV deliveries. These disruptions reportedly caused a material negative impact on the company’s business and financial results.
Plaintiffs claim Lucid overstated its manufacturing capabilities between February 25, 2026, and April 13, 2026. Multiple law firms have issued reminders to shareholders regarding the impending legal cutoff.