46 days left to seek lead plaintiff status
Case Summary
Company Name Churchill Capital Corp IV
Stock Symbol CCIV
Class Period January 11, 2021 to February 22, 2021
Motion Deadline June 28, 2021

The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of Churchill Capital Corp IV (NYSE: CCIV). Investors who purchased CCIV stock or other securities between January 11, 2021 and February 22, 2021 may contact the Thornton Law Firm’s investor protection team by submitting their information above. Investors may also email investors@tenlaw.com or call 617-531-3917.

The complaint alleges that on February 22, 2021, a merger agreement was announced between Churchill, a special purpose acquisition company and Lucid, an American automotive company specializing in electric cars. The transaction equity value was estimated at $11.75 billion. Churchill's share price closed at $57.37. It is alleged that Lucid announced the production of its debut car would be delayed until at least the second half of 2021, with no definite date set for delivery of an actual vehicle. It is also alleged that Lucid was projecting the production of only 557 vehicles in 2021, rather than the 6,000 it had been touting before the merger announcement.

The case is currently in the lead plaintiff stage. Investors do not need to be a lead plaintiff in order to be a class member. A lead plaintiff acts on behalf of all other investor class members in managing the class action. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney.

Thornton Law Firm’s securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

A class action lawsuit has been filed on behalf of investors in Churchill Capital Corp IV (CCIV) securities.

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    Please note that, should you wish to submit personal data protected under European data protection law (other than for purposes of responding to your inquiry and/or determining class eligibility), you should contact us prior to submitting such data.

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