Lucid Group, Inc. (NasdaqGS: LCID)

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Lucid Group, Inc. (“Lucid”) (NasdaqGS: LCID).

Between March 2024 and April 2026, Lucid sold a total of $2.3 billion of convertible preferred stock to its controlling stockholder in three separate private placements (the “Transactions”). Given that Lucid’s controlling stockholder stood on both sides of the Transactions, KSF is investigating whether the Transactions were fair to Lucid and whether Lucid’s directors, officers and controlling stockholder breached their fiduciary duties in connection with the Transactions.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Lucid shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at (833) 938-0905 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or fill out the form on this page.