Lucid Beats SPAC Lawsuit

[HC_79]

Lucid beats lawsuit claiming it defrauded SPAC investors about production outlook

Lucid Group Inc on Wednesday won the dismissal of a lawsuit accusing the luxury electric car maker of defrauding investors in the special-purpose acquisition company that helped take it public, by significantly overstating its production outlook.

www.reuters.com

 

[quantum]

Good, investors shouldn't blame Lucid Management for COVID and supply chain issues...you invest knowing the risks and any projections maybe off due to circumstances beyong the companies control.