Company Overview - Luminar Technologies is an automotive technology company focused on developing advanced sensors, software, and safety systems for autonomous vehicles [3] Allegations and Impact - Edelson Lechtzin LLP is investigating potential violations of federal securities laws involving Luminar, stemming from allegations of providing misleading business information to investors [1] - On May 14, 2025, Luminar announced the resignation of its founder, President, and CEO Austin Russell, due to a business conduct and ethics inquiry by an internal audit committee [4] - Following the announcement of Russell's resignation, Luminar's stock price dropped by $0.80 per share, or 16.81%, closing at $3.96 per share on May 15, 2025 [4]