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MLex

June 09, 2021

ARICO v. CHURCHILL CAPITAL CORPORATION IV et al

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Case Number:

1:21-cv-12355

Court:

New Jersey

Nature of Suit:

850(Securities/Commodities)

Multi Party Litigation:

Class Action

View recent docket activity

Reflects complaints, answers, motions, orders and trial notes entered from Jan. 1, 2011.
Additional or older documents may be available in Pacer.

Coverage

  1. June 10, 2021

    Investor Claims Electric Car SPAC Hype Was Fraud

    An investor in special purpose acquisition company Churchill Capital Corporation IV has launched a proposed class action in New Jersey federal court alleging Churchill and electric car company Lucid Motors misrepresented Lucid's production goals, driving up trading prices for Churchill shares as rumors swirled that the SPAC would buy Lucid to bring it public.

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