CCIV ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of July 6, 2021 in the Class Action Filed on Behalf of Churchill Capital Corp IV Limited Shareholders

·2 min read

New York, New York--(Newsfile Corp. - June 21, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Churchill Capital Corp IV (NYSE: CCIV) alleging that the Company violated federal securities laws.

Class Period: January 11, 2021 and February 22, 2021
Lead Plaintiff Deadline: July 6, 2021

Learn more about your recoverable losses in CCIV:
http://www.kleinstocklaw.com/pslra-1/churchill-capital-corp-iv-loss-submission-form?id=17049&from=5

The filed complaint alleges that Churchill Capital Corp IV made materially false and/or misleading statements and/or failed to disclose that: (1) Lucid was not prepared to deliver vehicles by spring of 2021; (2) Lucid was projecting a production of 557 vehicles in 2021 instead of the 6,000 vehicles touted in the run-up to the merger with Churchill; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

Shareholders have until July 6, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

For additional information about the CCIV lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88162

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