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INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation Of Luminar Technologies, Inc. (NASDAQ: LAZR) and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm

1. Edelson Lechtzin LLP investigates potential securities violations involving Luminar. 2. Allegations suggest misleading business information affected investor confidence. 3. Luminar's CEO, Austin Russell, resigned amid an ethics inquiry. 4. Company stock fell 16.81% following the resignation announcement.

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FAQ

Why Bearish?

The significant stock price decline post-resignation indicates investor concern over trust, likely impacting future performance.

How important is it?

The ongoing investigation and leadership changes create uncertainty, directly affecting Luminar's market reputation.

Why Short Term?

Immediate investor reactions to CEO resignations typically influence stock prices in the short term, as seen in similar cases like Tesla's past executive departures.

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, /PRNewswire/ -- Edelson Lechtzin LLP is investigating potential violations of the federal securities laws involving Luminar Technologies, Inc. ("Luminar") (NASDAQ: LAZR), resulting from allegations of providing potentially misleading business information to the investing public. If you have non-public information that could assist in the Luminar investigation, or if you are a Luminar investor who suffered a loss and would like to learn more, you can provide your information HERE. You can also contact attorney Eric Lechtzin of Edelson Lechtzin LLP by calling 844-563-5550 or via e-mail at [email protected]. THE COMPANY: Luminar Technologies is an automotive technology company developing advanced sensors, software, and safety systems for autonomous vehicles. THE ALLEGED WRONGDOING: On May 14, 2025, Luminar published a press release announcing the resignation of company founder, President, and CEO Austin Russell, effective immediately. According to the press release, Russell's resignation resulted from a business conduct and ethics inquiry conducted by an internal audit committee. Following publication of the press release, Luminar's stock price fell $0.80 per share, or 16.81%, to close at $3.96 per share on May 15, 2025. ABOUT EDELSON LECHTZIN LLP: Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving securities and investment fraud, our lawyers focus on class cases alleging violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft, data security, and consumer fraud. For more information, please contact: Marc H. Edelson, Esq.Eric Lechtzin, Esq.EDELSON LECHTZIN LLP411 S. State Street, Suite N-300Newtown, PA 18940Phone: 844-696-7492 or 215-867-2399 ext. 1Email: [email protected] Email: [email protected] Web:  www.edelson-law.com  This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. Your ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. SOURCE Edelson Lechtzin LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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