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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Luminar Technologies, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - LAZR
GlobeNewswire News Room· 2025-08-02 01:16
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].
Luminar Technologies: Navigating The Curve Ahead
Seeking Alpha· 2025-03-30 13:00
Analyst's Disclosure: I/we have a beneficial long position in the shares of LAZR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any i ...
Why Luminar Technologies Stock Raced Higher on Thursday
The Motley Fool· 2025-03-27 22:18
Core Viewpoint - Luminar Technologies experienced a nearly 9% stock price increase following a partnership announcement with Caterpillar, a leading industrial equipment manufacturer, which is a significant development for the company [1][2]. Group 1: Partnership Details - Luminar will develop lidar solutions for an autonomous industrial vehicle that Caterpillar is creating [2]. - The lidar technology will be integrated into Caterpillar's remote Cat Command functionalities, initially focusing on hauling operations in quarry and aggregate work [3]. - Two of Luminar's Iris lidar sensors will be installed in Caterpillar's off-highway trucks to enhance vehicle capabilities [3]. Group 2: Company Statements - Luminar's CEO, Austin Russell, emphasized the company's successful execution in automotive series production, allowing it to expand into adjacent markets [4]. - Russell expressed optimism about the partnership, highlighting the potential to save lives and enhance profitability for Caterpillar's customers globally [4]. Group 3: Financial Aspects - The press release from Luminar did not disclose financial details regarding the Caterpillar arrangement, but the significance lies in securing a partnership with a major manufacturer [5]. - The long-term potential of this partnership could lead to Caterpillar becoming a sustained customer for Luminar if the collaboration proves successful [5].