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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 for potential securities fraud. 2. Austin Russell resigned as CEO, leading to a significant stock price drop. 3. Stock fell 16.81% to $3.96 per share after news of the resignation. 4. Investors can join the class action regarding the alleged misconduct. 5. Pomerantz has a history of pursuing corporate misconduct cases successfully.

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FAQ

Why Very Bearish?

Luminar’s CEO resignation and fraud investigation typically trigger investor distrust, leading to stock price declines. Similar cases, like Enron or Theranos, had devastating effects post-scandal announcements.

How important is it?

The ongoing investigation and leadership change significantly affect investor confidence and stock performance.

Why Short Term?

The immediate reaction to news of investigations usually leads to short-term price volatility, but market sentiment may stabilize with future positive news.

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TSLACMIF
NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) -- 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 newaction@pomlaw.com 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. CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980

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