Pennsylvania

Deadline Reminder: Howard G. Smith’s law firm reminds investors that a class action against Churchill Capital Corporation IV (CCIV) is about to expire |

Bensalem, Pennsylvania, July 19, 2021 / PRNewswire /-Law Firm Howard G. Smith Reminds future investors August 30, 2021 Deadline for filing plaintiffs’ complaints in proceedings filed on behalf of investors who purchased Churchill Capital Corporation IV (“”ChurchillSecurities between “or” companies “) (NYSE: CCIV) January 11, 2021 And February 22, 2021, Comprehensive (“class period”).

Investors suffering from their losses Churchill For investments, it is advisable to contact a law firm Howard G. Smith To discuss their legal rights in this class action at 888-638-4847 or by email howardsmith@howardsmithlaw.com..

on January 11, 2021, Bloomberg News Lucid Motors Inc. (“Lucid”), an American automobile company specializing in electric vehicles, Michael Klein’s Special purpose acquisition companies including Churchill..

Lucid CEO in the next few weeks Peter Rawlinson He appeared in the media stating that Lucid is aiming for spring delivery of the first vehicle.

on February 22, 2021Merger between Churchill Lucid was announced with a trading stock value estimated as follows: $ 11.75 billion.. Churchill’s The stock price is $ 57.37..

On the same day, after the market was closed Bloomberg News Production of Lucid’s debut vehicle has been postponed until at least late 2021, and it is reported that the actual vehicle delivery date is unclear. Details of the merger also revealed that Lucid expects to produce only 557 vehicles in 2021 instead of the 6,000 that it advertised prior to the announcement of the merger.

on February 23, 2021, Churchill’s Inventory has dropped $ 22.16, Or ends at 38% $ 35.21 Per share February 23, 2021..

The complaint filed in this class action not only made a materially false and / or misleading statement by the defendant throughout the class action period, but also disclosed materially unfavorable facts about the company’s business, operations and outlook. Claims not. Specifically, the defendant did not disclose to investors: (1) Lucid was not ready to deliver the vehicle by the spring of 2021. (2) Lucid predicted the production of 557 vehicles in 2021 instead of the 6,000 vehicles advertised in the preparatory stage of the merger. Churchill(3) As a result of the above, Defendant’s positive statement regarding our business, operations and outlook was substantially misleading and / or lacked reasonable grounds.

If purchased or otherwise acquired Churchill For securities during class, you can move to court at the latest August 30, 2021 Ask the court to appoint you as the main plaintiff if you meet certain legal requirements. No action is required at this time to become a member of a class proceeding. You can retain the lawyer of your choice or take no action and remain absent from the class proceedings. If you would like to know more about this class action, or if you have any questions about this announcement or your rights or interests in these matters, please contact us. Howard G. Smith, EsquireOf the law firm Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by phone (215) 638-4847, toll-free (888) 638-4847, or by email howardsmith@howardsmithlaw.comOr visit our website. www.howardsmithlaw.com..

This press release may be considered a lawyer advertisement in some jurisdictions under applicable law and ethical rules.

Law firm Howard G. Smith

Source law firm Howard G. Smith

Deadline Reminder: Howard G. Smith’s law firm reminds investors that a class action against Churchill Capital Corporation IV (CCIV) is about to expire |

Source link Deadline Reminder: Howard G. Smith’s law firm reminds investors that a class action against Churchill Capital Corporation IV (CCIV) is about to expire |

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