The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Churchill Capital Corp IV and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Los Angeles, California – (Newsfile Corp. – July 2, 2021) – Schall law firm, a national shareholder rights law firm, is reminding investors of a class action lawsuit against Churchill Capital Corp IV (“Churchill Capital” or “the Company”) ” (NYSE: CCIV) for violating Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 published by the Securities and Exchange Commission.
Investors who acquired the Company’s securities between January 11, 2021 and February 22, 2021 inclusive (the “Class Period”) are advised to contact the Company before July 6, 2021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall law firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights free of charge. You can also contact us on the firm’s website at www.schallfirm.com or by email at [email protected]
In this case, the class has not yet been certified and you will not be represented by a lawyer until certified. If you do nothing, you can remain an absent class member.
According to the lawsuit, the company provided false and misleading information to the market. Lucid Motors (“Lucid”) was not ready to produce vehicles until spring 2021. Lucid forecast production of just 557 vehicles in 2021, despite the production target of 6,000 vehicles announced in the period prior to the merger with Churchill Capital. Because of these facts, the company’s public statements were false and materially misleading throughout the course period. When the market learned the truth about Churchill Capital, investors suffered damage.
Join the case to make up for your losses.
The law firm Schall represents investors worldwide and specializes in securities class actions and shareholder disputes.
This news release may be viewed as a solicitation in some jurisdictions under applicable law and ethical rules.
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The Schall law firm
Brian Schall, Esq.,
The Schall law firm
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89275