I struggled with the same issue on a fresh Kubuntu 20.04 installation
(Lenovo Thinkpad P52s).

>From the Grub / Advanced options / Recovery mode / root terminal I was
able to remount the / as rw (rather than ro)

Changing 'lz4' to 'gzip' as per 
https://forums.linuxmint.com/viewtopic.php?f=46&t=323152
and running update-initramfs -c -k $(uname -r) I had a new issue: the fstab 
entry UUID=3e757667-25352354... was not resolved.

To solve this I had to:
manually changed the fstab entry from UUID=... to /dev/nvme0n1p2 
change COMPRESS=lz4 to gzim in /etc/initramfs-tools/initramfs.conf
update-initramfs as per above
reboot

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https://bugs.launchpad.net/bugs/1835660

Title:
  initramfs unpacking failed

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