NASDAQ: LAZR

Luminar Technologies, Inc.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Luminar Technologies, Inc. (NASDAQ: LAZR) resulting from allegations that Luminar may have issued materially misleading business information to the investing public.

If you purchased Luminar securities and would like to join the prospective action, please click “Join This Class Action.”

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If you purchased Luminar securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On or around March 17, 2023, various media outlets reported that Lidwave, an Israeli start-up, had accused Luminar of attempting to pass off a Lidwave chip as Luminar’s own technology after Luminar displayed an image of the processor at a recent investor conference, as well as in materials on its website. As a result, Lidwave threatened Luminar with legal action. Luminar subsequently removed the images in question from its investor presentation, website, and a YouTube video.

On this news, Luminar’s stock price fell $0.68 per share, or 8%, to close at $7.80 per share on March 20, 2023, the next trading day.

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Company Name: Luminar Technologies, Inc.
Stock Symbol: LAZR
Class Period: N/A
Court: N/A
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