NEW YORK--(BUSINESS WIRE)--Jul 28, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Lucid Group, Inc. (“Lucid Group” or the “Company”) (NASDAQ: LCID) and reminds investors of the July 28, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose 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’s business and financial results; (3) accordingly, the Defendants had overstated the purported enhancements to Lucid’s manufacturing and delivery capabilities and overall operations; and (4) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Lucid Group’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Lucid Group class action, go to www.faruqilaw.com/LCID or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the Lucid Group, Inc. Securities Class Action Lawsuit:
What is the Lucid Group securities fraud lawsuit about?
The Lucid Group securities fraud lawsuit is a federal securities class action alleging that Lucid Group, Inc. (NASDAQ: LCID) and its executives made false and misleading statements to investors by concealing that a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity SUV and overstating the Company's manufacturing and delivery capabilities. As the truth emerged through a series of disclosures — including an April 3, 2026 announcement that only 3,093 vehicles were delivered in Q1 2026 due to a 29-day delivery disruption caused by a supplier seat defect, an April 14, 2026 filing revealing Q1 revenue of just $280–$284 million against a consensus estimate of $433.8 million and a $1.05 billion capital raise, and a May 5, 2026 earnings report showing a net loss of over $1 billion and GAAP EPS of -$3.46 — LCID's stock price fell sharply across multiple trading sessions, causing significant losses for investors.
Who may be eligible to participate in the Lucid Group class action lawsuit?
Investors who purchased or acquired Lucid Group, Inc. (LCID) stock between February 25, 2026 and April 13, 2026 — the Class Period — and suffered financial losses may be eligible to participate in the Lucid Group securities class action. Participation as a class member does not require taking any affirmative legal action; eligible investors may recover losses simply by remaining members of the class. Whistleblowers, former Lucid Group employees, and others with relevant information about the Company's conduct are also encouraged to come forward.
What is a lead plaintiff, and how can I seek appointment in the Lucid Group lawsuit?
A lead plaintiff in the Lucid Group class action is a court-appointed investor — typically the one with the largest financial interest in the case — who directs and oversees the litigation on behalf of all class members. Any Lucid Group investor who purchased LCID stock during the Class Period may move the Court to serve as lead plaintiff through counsel of their choice. The deadline to seek lead plaintiff appointment is July 28, 2026. Importantly, choosing not to seek the lead plaintiff role does not affect an investor's ability to share in any recovery obtained for the class.
What should investors do if they purchased Lucid Group stock during the Class Period?
Investors who purchased Lucid Group, Inc. (LCID) stock between February 25, 2026 and April 13, 2026 and suffered losses should contact Faruqi & Faruqi, LLP immediately to discuss their legal rights. The deadline to seek appointment as lead plaintiff in the Lucid Group securities class action is July 28, 2026. To speak directly with securities litigation partner Josh Wilson, call 877-247-4292 or 212-983-9330 (Ext. 1310), or visit www.faruqilaw.com/LCID for more information.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Lucid Group (LCID) Investors of Securities Class Action Lawsuit Deadline on July 28, 2026
Israeli Prime Minister Benjamin Netanyahu’s meeting with President Donald Trump on Tuesday is the first since the two leaders launched a joint war against Iran and a chance for Netanyahu to smooth out strains in their relationship.
The two leaders also plan to discuss the framework agreement the U.S. and Israel signed with Lebanon over the Israel-Hezbollah war and the expansion of the Abraham Accords, according to a White House official.
Trump is also set to meet with Ukrainian President Volodymyr Zelenskyy on Tuesday ahead of Sen. Lindsey Graham’s funeral, which will be their second sit-down this month. Sen. Lindsey Graham will be eulogized Tuesday during memorial services across Washington. Trump is expected to deliver remarks at the cathedral, alongside Fox News’ Sean Hannity and other conservative leaders.
Here's the latest:
Trump has repeatedly retreated from threats to knock out bridges, power plants and other infrastructure but he told Fox News Channel in an interview that Iran knows he’ll “finish the job” if its leaders don’t make a deal to end the war.
He says millions of people would then struggle to get by.
Trump claimed he would need less than an hour to “take out” most of Iran’s bridges and said he could blow up their power plants “within one day” and then target desalinization plants.
“You know, if I can avoid doing that, I’d like to do that,” he said.
The president says he’s not worried about construction activities at Iran’s potential nuclear site at Pickaxe Mountain, a complex Trump has threatened to bomb.
And Trump criticized Israeli Prime Minister Benjamin Netanyahu for publicly expressing concerns about the site ahead of the two leaders’ meeting Tuesday at the White House.
“I know exactly what’s going on at Pickaxe,” Trump told “Fox & Friends,” adding that whatever Iran is doing is “not a big problem.”
On Netanyahu’s statements ahead of his visit to Washington, Trump said, “Why don’t you just tell it to me? Why do you have to announce to the world.”
The bilateral huddle, on the same day that both men are attending the late Sen. Lindsey Graham’s funeral, is the first since Netanyahu and Trump launched their war in Iran five months ago.
Speaking fondly about his friend and ally, Trump said he admired Graham as a nice person who was quick to call for military action.
“He was a guy that liked war,” Trump said Tuesday in a Fox News interview. “I jokingly say, and there’s nothing funny about it, but he’s never seen a war that he didn’t like.”
Trump added that Graham was “very much a hawk on Iran” but had also told Trump it was time to make a deal to end the war. That sentiment did not extend to the Russia-Ukraine war, Trump said.
“Ukraine he’s very militant about,” Trump said. “Lindsey liked war, to be honest with you.”
It will ensure that a permanent director is in place as the midterm elections approach.
Clayton is expected to be confirmed along party lines after a contentious hearing two weeks ago in which he repeatedly refused to say that former President Joe Biden won the 2020 election. Still, Democrats have said they have more confidence in Clayton than they do in Trump’s temporary pick for the job, Bill Pulte, who has no known intelligence experience and investigated the president’s perceived enemies in his previous post as a federal housing regulator.
Senators from both parties have expressed concerns about Pulte, who took over on an interim basis last month after Tulsi Gabbard resigned. Pulte was in charge when Trump delivered a speech from the White House earlier this month doubling down on his false claims about the 2020 election, which he lost, and released classified documents he said were relevant to his arguments.
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Only foot traffic is allowed on streets surrounding the complex. Vehicular traffic is blocked by city police cars and dump trucks at key intersections, like Pennsylvania Avenue and 17th St and near Lafayette Park.
Netanyahu is staying at Blair House, the U.S. government’s guest house across from the White House.
Zelenskyy has the first meeting with Trump, scheduled for 9:30 a.m., followed by Netanyahu at 11 a.m.
Trump and Ukrainian President Volodymyr Zelenskyy will meet Tuesday ahead of Sen. Lindsey Graham’s funeral, their second sit-down this month and after a far-right activist with the U.S. president’s ear had a widely publicized change of heart on Russia’s war against Ukraine.
Trump is set to welcome Zelenskyy to the White House as the Ukrainian leader travels to Washington to honor Graham, whose final act as a public official was visiting Kyiv and securing an agreement on a package of sanctions that seek to punish countries that purchase Russian oil, gas and other exports.
Zelenskyy posted on X early Tuesday that he had arrived in the U.S. and listed the goals for his visit.
“Our schedule includes meetings with President Trump, his team, and those who can support our defense,” the Ukrainian leader said. “Our number one priority is anti-ballistic defense and strategic cooperation with America. Peace needs to be brought closer.”
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Israeli Prime Minister Benjamin Netanyahu’s meeting with President Donald Trump on Tuesday is the first since the two leaders launched a joint war against Iran and a chance for Netanyahu to smooth out strains in their relationship.
The meeting comes as both face growing pressures at home. Netanyahu is up for reelection and is embattled in part because of his deteriorating relationship with Trump. Trump is under pressure to end an unpopular war that has wreaked economic havoc and driven prices higher ahead of midterm elections this November.
The two leaders also plan to discuss the framework agreement the U.S. and Israel signed with Lebanon over the Israel-Hezbollah war and the expansion of the Abraham Accords, according to a White House official, who spoke on condition of anonymity to preview the meeting.
“We have a little difference,” Trump said Monday when asked by reporters if he and the Israeli prime minister were on the same page with Iran. “But pretty close, yeah.”
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President Donald Trump arrives on Air Force One, Monday, July 27, 2026, at Joint Base Andrews, Md. (AP Photo/Alex Brandon)
FILE - President Donald Trump listens as Israel's Prime Minister Benjamin Netanyahu speaks at President Donald Trump's Mar-a-Lago club, Dec. 29, 2025, in Palm Beach, Fla. (AP Photo/Alex Brandon, File)
