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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Luminar Technologies, Inc. - LAZR

1. Pomerantz LLP is investigating Luminar Technologies for potential securities fraud. 2. Austin Russell resigned as CEO amid a Code of Conduct inquiry. 3. Luminar's stock price dropped 16.81% following the news of Russell's resignation. 4. Investors are encouraged to join the class action investigation initiated by Pomerantz. 5. Concerns focus on unlawful business practices by Luminar's officers and directors.

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FAQ

Why Very Bearish?

A prominent CEO's resignation frequently triggers investor panic, as seen in past cases. The 16.81% drop highlights market negative sentiment about the company's governance.

How important is it?

The investigation and leadership change are critical for LAZR's future, posing existential risks to investor confidence. Pomerantz's involvement indicates serious potential issues, thereby increasing scrutiny and relevance.

Why Short Term?

Short-term awareness of legal issues can lead to sell-offs, but it can stabilize soon. Historical cases of management crises often see initial dips before recovery, depending on more information.

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Pomerantz LLP is investigating claims on behalf of investors of Luminar Technologies, Inc. ("Luminar" or the "Company") (NASDAQ:LAZR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Luminar and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.[Click here for information about joining the class action]On May 14, 2025, Luminar issued a press release 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."On this news, Luminar's stock price fell $0.80 per share, or 16.81%, to close at $3.96 per share on May 15, 2025.Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.Attorney advertising. Prior results do not guarantee similar outcomes.SOURCE: Pomerantz LLP

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