LOS ANGELES, CA / ACCESSWIRE / May 6, 2021 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Churchill Capital Corp IV ("Churchill Capital" or "the Company") (NYSE:CCIV) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Churchill Capital and Lucid announced a merger agreement on February 22, 2021. At the time of the merger announcement, it was also disclosed that Lucid was projecting production of just 557 vehicles in 2021, down from the 6,000 vehicles Lucid was projecting before the merger announcement. Based on this news, shares of Churchill Capital fell sharply over the next several months.
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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 reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
SOURCE: The Schall Law Firm