Top Complainants Approach Deadlines: Kessler Topaz Melzer & Check, LLP, Announces Deadlines for Securities Fraud Class Actions Filed Against Churchill Capital Corp IV | | Status

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Radnor, Pennsylvania, June 2, 2021 / PRNewswire / –Kessler Topaz Meltzer & Check, LLP law firm on behalf of investors of Churchill Capital Corp IV (NYSE: CCIV) (“CCIV”) for purchases or acquisitions of securities fraud class actions. CCIV titles Between January 11, 2021 And February 22, 2021, Full (“class period”).

The CCIV is a blank check company, also called an ad hoc acquisition company. Atieva, Inc., d / b / a Lucid Motors (“Lucid”) is an American automotive manufacturer specializing in electric vehicles. As of 2020, Lucid’s first car, the Lucid Air, is in development.

Start date of the course period January 11, 2021Bloomberg News reports that Lucid is “negotiating an initial public offering through a merger with one of the companies.” Michael Klein’s It is an ad hoc acquisition company, according to people familiar with the matter. ” Michael klein Start CCIV with april 2020 Lifted $ 2,070,000,000 During the IPO of the CCIV. There were rumors that Lucid would merge with CCIV. February 16, 2021, CEO of Lucid, Peter RawlinsonAppeared in Fox Business News Neil kavt Lucid has announced its intention to deliver its first vehicle in the spring.

at Monday, February 22, 2021, The long-awaited merger agreement between CCIV and Lucid has been announced. The market value of CCIV and Lucid shares is $ 11.75 billionhowever, 6:22 p.m. That same night Ed radrow Bloomberg News reported that Rawlinson has postponed production of its first car until at least the end of 2021 and has not set a specific date for the actual delivery of the car.

After this news, the CCIV share price fell from its closing price. $ 57.37 Per share February 22, 2021To conclude $ 35.21 Per share February 23, 2021..

The complaint alleges that during the class action, the defendant did not disclose the true and exact state of affairs, operations and financial situation of CCIV.

CCIV Investors Later July 6, 2021Through Kessler Topaz Meltzer & Check, LLP or other attorneys, you can apply to be appointed as the lead representative of the Class Complainants, or you may choose to do nothing and stay away from the Class. The lead applicant is the representative who acts on behalf of all class members in the conduct of proceedings. In order to be named the principal plaintiff, the court must determine that the claims of the class members are typical of the claims of the other class members and that the class members correctly represent the class. It does not become. Your ability to share the recovery is not affected by the decision to become the principal applicant.

Kessler Topaz Meltzer & Check, LLP has filed class actions in state and federal courts nationwide, including securities fraud, breach of fiduciary duty, and other violations of federal and state laws . Kessler Topaz Meltzer & Check, LLP is the driving force behind corporate governance reform, raising billions of dollars on behalf of institutional and individual investors. United States And all over the world. The company represents investors, consumers and whistleblowers (general citizens who report fraud against the government and participate in the government’s recovery of the dollar). The proceedings in this proceeding were not filed by Kessler Topaz Meltzer & Check, LLP. Learn more about Kessler Topaz Meltzer & Check, LLP. www.ktmc.com ..

Kessler Topaz Melzer & Check, LLP

(844) 887-9500 (toll free)

Source: Kessler Topaz Meltzer & Check, LLP

Top Complainants Approach Deadlines: Kessler Topaz Melzer & Check, LLP, Announces Deadlines for Securities Fraud Class Actions Filed Against Churchill Capital Corp IV | | Status

Source Link Top Complainants Approach Deadlines: Kessler Topaz Melzer & Check, LLP, Announces Deadlines for Securities Fraud Class Actions Filed Against Churchill Capital Corp IV | | Status



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