Recent Security Class Actions

Luminar Technologies Inc. Class A Common Stock (NASDAQ: LAZR)

Company Name:Luminar Technologies Inc. Class A Common Stock
Stock Symbol:NASDAQ: LAZR
Class Period Start:02/28/2023
Class Period End (inclusive):03/17/2023
Filing Deadline:07/25/2023

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Luminar had misappropriated an image of a competitor’s PIC to market the Company’s own products and capabilities; (ii) the foregoing conduct subjected the Company to a heightened risk of, inter alia, litigation and/or regulatory enforcement action; (iii) all the foregoing, once revealed, was likely to negatively impact Luminar’s business and reputation; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.