Investigations

GRABAR LAW OFFICE INVESTIGATES CLAIMS ON BEHALF OF SHAREHOLDERS OF  LUMINAR TECHNOLOGIES, INC. (NASDAQ: LAZR)

Grabar Law Office is investigating claims on behalf of shareholders of Luminar Technologies, Inc. (NASDAQ: LAZR). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

Luminar Technologies, Inc. purports to be a technology company specializing in advanced LiDAR hardware and software solutions for vehicles.

As alleged in a recently filed securities fraud class action Complaint, Luminar Technologies, Inc. (NASDAQ: LAZR), through certain of its officers, made false and/or misleading statements and/or failed to disclose that: (1) Luminar's CEO 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 the CEO Defendant would be released from his positions at the Company; and (3) Luminar’s loss of the CEO Defendant as an employee would then create material risk of adversely affecting the Company’s business by making it more difficult to, compete with other market participants, manage R&D activities, and retain existing customers or cultivate new ones. The Complaint further alleges that negative public perception and negative news related to the CEO Defendant could also adversely affect Luminar’s brand, relationships with customers, or standing in the industry; (4) accordingly, Luminar had no reasonable basis to provide and/or maintain the Company’s financial guidance; and (5) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

WHAT YOU CAN DO NOW: If you purchased Luminar Technologies, Inc. (NASDAQ: LAZR) shares prior to March 30, 2025, and still hold shares today, you are encouraged to contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.  You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.  If, alternatively, you purchased your shares between March 20, 2025, and May 14, 2025, you can participate in the class action.

 

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