Pennsylvania

Leading plaintiffs are approaching deadlines: Kessler Topaz Melzer & Check, LLP, Announces Deadlines for Securities Fraud Class Actions Filed Against Churchill Capital Corp IV | | Status

Radnor, Pennsylvania, June 2, 2021 / PRNewswire / –Kessler Topaz Meltzer & Check, LLP law firm on behalf of investors in Churchill Capital Corp IV (NYSE: CCIV) (“CCIV”) for securities fraud class action purchases or acquisitions Reminds me that it was raised. CCIV Securities Between January 11, 2021 And February 22, 2021, Comprehensive (“class period”).

CCIV is a blank check company, also known as a special purpose acquisition company. Atieva, Inc., d / b / a Lucid Motors (“Lucid”) is an American automobile company specializing in electric vehicles. As of 2020, Lucid’s first car, the Lucid Air, is under development.

Start date of class period January 11, 2021, Bloomberg News reports that Lucid is “negotiating for an initial public offering through a merger with one of the companies.” Michael Klein’s It’s a special-purpose acquisition company, according to people familiar with the matter. ” Michael Klein Start CCIV with April 2020 Raised $ 2,070,000,000 At the initial public offering of CCIV. There were rumors that Lucid would merge with CCIV.on February 16, 2021, Lucid CEO, Peter RawlinsonAppeared in Fox Business News Neil Kavt Lucid advertised that it aims to deliver its first vehicle in the spring.

on Monday, February 22, 2021, The long-awaited merger agreement between CCIV and Lucid has been announced. The trading stock value of CCIV and Lucid is $ 11.75 billionHowever, 6:22 pm That same night Ed Radrow Bloomberg News reported that Rawlinson has postponed production of his debut car until at least late 2021 and has not set a definite date for the actual delivery of the car.

After this news, CCIV’s share price fell from its closing price. $ 57.37 Per share February 22, 2021To conclude $ 35.21 Per share February 23, 2021..

The complaint alleges that during the class action, the defendant did not disclose the true and accurate status of CCIV’s business, operations and financial position.

CCIV Investors At the latest July 6, 2021Through, Kessler Topaz Meltzer & Check, LLP, or other attorneys, you may seek to be nominated as the Group’s principal plaintiff representative, or you may choose to do nothing and remain absent group members. The main plaintiff is the representative who acts on behalf of all class members in conducting the proceedings. In order to be nominated as the primary plaintiff, the court must determine that the claims of the members of the group are typical of the claims of the members of the other group and that the members of the group properly represent the group. It doesn’t become. Your ability to share recovery is unaffected by the decision to become the primary plaintiff.

Kessler Topaz Meltzer & Check, LLP has filed class actions in state and federal courts nationwide, including securities fraud, breach of trustee obligations, and other breach of state and federal law. Kessler Topaz Meltzer & Check, LLP is the driving force behind corporate governance reform, recovering billions of dollars on behalf of institutional and individual investors. USA And all over the world. The company represents investors, consumers and whistleblowers (general citizens who report fraud against the government and participate in the government’s dollar recovery). The proceedings in this proceeding were not filed by Kessler Topaz Meltzer & Check, LLP. Learn more about Kessler Topaz Meltzer & Check, LLP. www.ktmc.com..

Kessler Topaz Melzer & Check, LLP

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Source: Kessler Topaz Meltzer & Check, LLP

Leading plaintiffs are approaching deadlines: Kessler Topaz Melzer & Check, LLP, Announces Deadlines for Securities Fraud Class Actions Filed Against Churchill Capital Corp IV | | Status

Source link Leading plaintiffs are approaching deadlines: Kessler Topaz Melzer & Check, LLP, Announces Deadlines for Securities Fraud Class Actions Filed Against Churchill Capital Corp IV | | Status

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