Core Viewpoint - Rosen Law Firm is reminding investors who purchased Luminar Technologies, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Luminar securities between March 20, 2025, and May 14, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by September 22, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that Luminar's executives made false and misleading statements and failed to disclose critical information regarding CEO Austin Russell's undisclosed conduct, which could lead to his removal [5]. - The potential loss of Russell is claimed to pose a material risk to Luminar's business operations, including competition, R&D management, and customer relationships [5]. - The lawsuit asserts that Luminar lacked a reasonable basis for its financial guidance, rendering public statements materially false and misleading [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Luminar Technologies, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][3]. Group 1: Class Action Details - Investors who purchased Luminar securities between March 20, 2025, and May 14, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by September 22, 2025 [3][5]. - The lawsuit alleges that Luminar's executives made false and misleading statements, which created material risks affecting the company's business and financial guidance [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing clients [4].

Core Viewpoint - A class action lawsuit has been filed against Luminar Technologies, Inc. for failing to disclose misconduct by its President and CEO, which led to a significant drop in stock price following his resignation [1][2][3]. Group 1: Allegations and Impact - The lawsuit alleges that Luminar's management failed to disclose that CEO Russell was under inquiry by the Audit Committee, which posed a material risk to the company [2]. - The misconduct created risks that could adversely affect Luminar's business operations, including competition, R&D management, and customer relationships [2]. - Following the announcement of Russell's resignation on May 14, 2025, Luminar's stock price fell by $0.80, or 16.80%, closing at $3.96 per share on May 15, 2025 [3]. Group 2: Legal Proceedings - Shareholders may be eligible to participate in the class action and can contact Robbins LLP to serve as lead plaintiff [4]. - The representation in the lawsuit is on a contingency fee basis, meaning shareholders incur no fees or expenses [5].

The Allegations: Robbins LLP is Investigating Allegations that Luminar Technologies, Inc. (LAZR) Failed to Disclose that its President and CEO was Engaged in Misconduct According to the complaint, during the class period defendants failed to disclose that: (1) defendant Russell was engaged in undisclosed conduct that would make him the subject of an inquiry by the Audit Committee of the Board of Directors; (2) this conduct created material risk that defendant Russell would be released from his positions at ...

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Luminar Technologies, Inc. securities during the specified Class Period, highlighting potential misconduct by the company's leadership that may have adversely affected investors [1][5]. Group 1: Lawsuit Details - The class action lawsuit is filed for securities purchased between March 20, 2025, and May 14, 2025, inclusive [1]. - Investors who purchased Luminar securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must move the Court by September 22, 2025, to represent other class members in the litigation [3]. Group 2: Allegations Against Luminar - The lawsuit alleges that Luminar's President, CEO, and Chairman, Austin Russell, engaged in undisclosed conduct that led to an inquiry by the Audit Committee [5]. - This conduct posed a material risk of Russell being removed from his positions, which could adversely affect Luminar's business operations and competitive standing [5]. - The lawsuit claims that Luminar lacked a reasonable basis for its financial guidance due to these undisclosed risks, leading to materially false and misleading public statements [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements, recovering hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing investor rights [4].

Core Viewpoint - A class action lawsuit has been filed against Luminar Technologies, Inc. for alleged misleading statements and undisclosed conduct by its CEO, Austin Russell, during the specified Class Period from March 20, 2025, to May 14, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Luminar's management made false and misleading statements regarding the conduct of CEO Austin Russell, which could lead to his removal and negatively impact the company's business operations [5]. - It is alleged that the defendants failed to disclose material risks associated with Russell's conduct, which could affect Luminar's ability to compete and manage research and development activities [5]. - The lawsuit asserts that Luminar had no reasonable basis for its financial guidance due to these undisclosed risks, leading to investor damages when the truth was revealed [5]. Group 2: Participation Information - Investors who purchased Luminar securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm for more information [3][6]. - A lead plaintiff must be appointed by September 22, 2025, to represent the interests of other class members in the litigation [1][3]. Group 3: Law Firm Background - The Rosen Law Firm specializes in securities class actions and has a strong track record, having achieved significant settlements for investors, including over $438 million in 2019 [4]. - The firm has been recognized for its success in securities class action settlements and has consistently ranked among the top firms in this area since 2013 [4].

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, July 25, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Luminar Technologies, Inc. (“Luminar” or “the Company”) (NASDAQ: LAZR) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Luminar investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact ...

NEW YORK, July 25, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Luminar Technologies, Inc. (“Luminar” or “the Company”) (NASDAQ: LAZR) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired L ...

Group 1 - A securities class action lawsuit has been filed against Luminar Technologies, Inc. for alleged misleading statements and undisclosed conduct by a key executive [1][2] - The lawsuit claims that the conduct of Defendant Russell posed a material risk to Luminar's business operations, including competition, R&D management, and customer relationships [2] - The complaint asserts that Luminar lacked a reasonable basis for its financial guidance due to the risks associated with Russell's potential departure [2] Group 2 - Investors who acquired Luminar shares during the specified class period are encouraged to contact the law firm for representation in the class action [3] - The lead plaintiff motion deadline is set for September 22, 2025, indicating a timeline for potential participants in the lawsuit [3]

Group 1 - The Schall Law Firm has initiated a class action lawsuit against Luminar Technologies, Inc. for violations of the Securities Exchange Act of 1934 [1] - The class period for the lawsuit is defined as between March 20, 2025, and May 14, 2025 [2] - Investors who suffered losses during the class period are encouraged to contact the Schall Law Firm before September 22, 2025 [2] Group 2 - The complaint alleges that Luminar made false and misleading statements, particularly involving CEO Austin Russell, which led to an investigation by the Board of Directors' Audit Committee [4] - The potential removal of CEO Austin Russell poses risks to Luminar's business practices, customer retention, and overall brand reputation [4] - The public statements made by Luminar were deemed false and materially misleading, resulting in investor damages once the truth was revealed [4]