Churchill Capital Investor Alert: Class Action Lawsuit Filed

Boston, Massachusetts – (Newsfile Corp. – June 18, 2021) – Thornton law firm advises investors that a class action lawsuit has been filed on behalf of Churchill Capital Corp IV (NYSE: CCIV) investors. Investors who purchased CCIV shares or other securities between January 11, 2021 and February 22, 2021 should contact the Thornton Law Firm’s investor protection team at www.tenlaw.com/cases/Churchill for more information . Investors can also email investoren@tenlaw.com or call 617-531-3917.

MORE INFORMATION: www.tenlaw.com/cases/Churchill

The lawsuit alleges that on February 22, 2021, a merger agreement was announced between Churchill, a special purpose vehicle for acquisitions, and Lucid, an American auto company specializing in electric cars. The equity value of the transaction was estimated at $ 11.75 billion. Churchill’s share price closed at $ 57.37. It is alleged that Lucid has announced that production of its debut car will be postponed until at least the second half of 2021 with no definitive date set for delivery of an actual vehicle. It is also alleged that Lucid was forecasting production of just 557 vehicles in 2021, instead of the 6,000 it announced prior to announcing the merger.

The case is currently at the main plaintiff stage. A lead plaintiff is acting on behalf of all other members of the investor group in administering the class action. Investors don’t have to be a lead plaintiff to be a class plaintiff. If investors do nothing, they can remain an absent member of the class. The class is not yet certified. Investors are not represented by a lawyer until they have been certified. Thornton law firm is not currently representing a plaintiff who has filed a complaint but is investigating the case on behalf of investors interested in being lead plaintiffs.

MORE INFORMATION: www.tenlaw.com/cases/Churchill

Thornton Law Firm’s securities attorneys are very experienced in representing investors in claiming damages caused by violations of securities laws. His attorneys have a track record of litigating securities cases in courts across the country and recovering losses on behalf of investors. This may be considered a lawyer solicitation in some jurisdictions. Past results do not guarantee or predict a similar result with respect to future matters.

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CONTACT:
Thornton Law Firm LLP
1 Lincoln Street
State Street Financial Center
Boston, MA 02111
www.tenlaw.com/cases/Churchill

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87920

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