Kirby McInerney LLP reminds Lucid Group investors that July 28, 2026 is the deadline to seek lead plaintiff status in a federal securities class action. The lawsuit covers purchases between February 25 and April 13, 2026, alleging the company failed to disclose a supplier quality issue that disrupted Lucid Gravity deliveries and overstated manufacturing and delivery capabilities. On April 3, Lucid reported producing 5,500 vehicles but delivering only 3,093 in the first quarter, citing a 29-day disruption from a second-row seat supplier issue, and shares fell about 6 percent. Further declines followed a critical article on April 6 and a preliminary first-quarter revenue forecast of $280 million to $284 million on April 14, well below the $433.8 million consensus estimate, alongside a $1.05 billion capital raise plan.
Lucid Group IncLawsuit alleges undisclosed supplier quality issue disrupted deliveries, leading to missed revenue forecasts and a capital raise plan.