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June 09, 2021
ARICO v. CHURCHILL CAPITAL CORPORATION IV et al
Case Number:
1:21-cv-12355
Court:
Nature of Suit:
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
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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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