The complaint, filed by the law firm Glancy Prongay Wolke & Rotter LLP, contends that Lucid Group failed to disclose critical supplier quality issues that severely hindered the rollout of its Lucid Gravity model. Plaintiffs argue these disruptions had a material negative impact on the company’s financial health, contradicting the optimistic guidance provided to the market during the spring of 2026.

According to the court filing, company executives allegedly overstated the efficiency of their production operations, rendering their public statements misleading. Investors who held shares during the specified window are not required to take immediate action to remain part of the class, though those seeking to lead the litigation must act before the upcoming deadline. The firm is currently directing inquiries to attorney Charles Linehan in Los Angeles for those wishing to review their legal rights.