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Radnor, Pennsylvania, June 8, 2021 /PRNewswire/ – The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors of Churchill Capital Corporation IV (New York Stock Exchange ticker:CCIV) (“CCIV”) Securities Fraud Class Action has been United States North District District Court Alabama Acting on behalf of people buying or acquiring CCIV securities against CCIV between January 11, 2021 with February 22, 2021, Included (“Class Hours”).
Deadline for lead plaintiff: July 6, 2021
contact: James Marlow, Esq. (484) 270-1453
Adrienne Bell, Esq. (484) 270-1435
Toll Free (844) 887-9500
CCIV is a blank cheque company, also known as a special purpose acquisition company. Atieva, Inc., d/b/a Lucid Motors (“Lucid”) is an American car company specializing in electric vehicles. As of 2020, Lucid’s first car, Lucid Air, is under development.
on Monday, February 22, 2021, The long-awaited merger agreement between CCIV and Lucid was announced. The value of CCIV and Lucid’s trading equity is estimated to be 11.75 billion USD. However, in 6:22 PM The same night, Ed Ludlow Bloomberg News reported that PetrolinsonThe CEO of Lucid announced that the production of its first car will be postponed until at least the second half of 2021, and the specific delivery date has not yet been determined.
After the news, CCIV’s stock price fell from the closing price 57.37 USD Per share February 22, 2021, the end 35.21 USD Per share February 23, 2021.
The complaint stated that during the entire class action, the defendant failed to truthfully and accurately disclose CCIV’s business, operations, and financial status.
CCIV investors can, Not later than July 6, 2021, Seeking to be appointed as the chief plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other lawyers, or can choose to do nothing and remain absent class members. The lead plaintiff is the representative party who directs the litigation on behalf of all class members. In order to be appointed as the lead plaintiff, the court must determine that the claim of a class member is a typical claim of other class members, and that the class member will fully represent the class. Your ability to share any recovery is not affected by the decision whether to serve as the lead plaintiff.
Kessler Topaz Meltzer & Check, LLP is suing class actions involving securities fraud, breach of fiduciary duties, and other violations of state and federal laws in state and federal courts across the country. Kessler Topaz Meltzer & Check, LLP is the driving force behind corporate governance reforms and has recovered billions of dollars on behalf of institutional and individual investors United States And all over the world. The company represents investors, consumers, and whistleblowers (private citizens who report fraud against the government and share the recovery of government funds). The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP.For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
contact:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, Pennsylvania 19087
(844) 887-9500 (toll free)
info@ktmc.com
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SOURCE Kessler Topaz Meltzer & Check, LLP
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