Automatic Data Processing Inc
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Information Technology : IT Services | Large Cap Blend
Company profile

Automatic Data Processing, Inc. (ADP) is a global technology company engaged in providing cloud-based human capital management (HCM) solutions that unite HR, payroll, talent, time, tax and benefits administration. Its segments include Employer Services and Professional Employer Organization (PEO). Its Employer Services segment serves clients ranging from single-employee small businesses to large enterprises with tens of thousands of employees around the world, offering a range of technology-based HCM solutions, including its cloud-based platforms, and human resource outsourcing (HRO) solutions (other than PEO) solutions. Its offerings include Payroll Services, Benefits Administration, Talent Management, HR Management, Workforce Management, Compliance Services, Insurance Services and Retirement Services. Its PEO business, called ADP TotalSource, provides clients with employment administration outsourcing solutions. It serves over 990,000 clients in 140 countries and territories.

Closing Price
$226.19
Day's Change
-1.56 (-0.68%)
Bid
--
Ask
--
B/A Size
--
Day's High
229.69
Day's Low
225.94
Volume
(Heavy Day)
Volume:
2,875,272

10-day average volume:
1,986,562
2,875,272

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Lucid Group, Inc. (LCID), f/k/a Churchill Capital Corp. IV (CCIV), and Encourages Long-Term Stockholders to Contact the Firm

5:31 pm ET July 23, 2022 (Globe Newswire) Print

EQNX::TICKER_START (NASDAQ:LCID), EQNX::TICKER_END Kaskela Law LLC announces that it is investigating Lucid Group, Inc. ("Lucid" or the "Company") (NASDAQ: LCID), formerly known as Churchill Capital Corp. IV (CCIV), on behalf of the Company's long-term investors.

Lucid designs, engineers, builds, and sells luxury electric vehicles ("EVs"). Recently a securities fraud complaint was filed against Lucid on behalf of certain investors who purchased shares of the Company's stock between November 15, 2021 and February 28, 2022. According to the complaint, during that time period Lucid made a series of materially false and/or misleading statements to investors, and failed to disclose material adverse facts to investors, about the Company's business and operations. Specifically, defendants are alleged to have "overstated Lucid's production capabilities while concealing that 'extraordinary supply chain and logistics challenges' were hampering the Company's operations" from at least November 15, 2021.

On February 28, 2022, the Company disclosed that it: (i) had only delivered approximately 125 EVs in 2021 and still had only produced approximately 400 EVs by February 28, 2022; (ii) would only produce between 12,000 and 14,000 EVs in 2022; and (iii) would delay the launch of the Lucid Gravity until 2024. Following this news, shares of Lucid's common stock fell $3.99 per share, or more than 13% in value, to close at $24.99 per share on March 1, 2022.

The investigation seeks to determine whether the members of Lucid's board of directors violated the securities laws and/or breached their fiduciary duties in connection with the above alleged misconduct.

Current Lucid stockholders who purchased or acquired LCID shares prior to February 28, 2022 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 - 0750, or by email (abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/lucid-group-inc/ , for additional information about this investigation and their legal rights and options.

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation, and has helped recover in excess of $100 million on behalf of victimized investors. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

CONTACT:

KASKELA LAW LLC

D. Seamus Kaskela, Esq.

skaskela@kaskelalaw.com

Adrienne Bell, Esq.

abell@kaskelalaw.com

18 Campus Blvd., Suite 100

Newtown Square, PA 19073

(888) 715 - 1740

(484) 229 - 0750

www.kaskelalaw.com

This notice may constitute attorney advertising in certain jurisdictions.

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comtex tracking

COMTEX_410834283/2010/2022-07-23T17:31:10

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