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The filed complaint alleges that Luminar Technologies, Inc. made materially false and/or misleading statements and/or failed to disclose that: Luminar issued a press release on May 14, 2025, announcing "the resignation of founder Austin Russell as President and CEO of the company and as the Chairperson of the Board, effective immediately, following a Code of Business Conduct and Ethics inquiry by the Audit Committee of the Board of Directors." Following this news, Luminar's stock price fell over 16% on May 15, 2025.
In order to be eligible to join the LAZR class action lawsuit, you must have incurred a loss on shares of Luminar Technologies, Inc. purchased during the class period listed above.
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