US Edition
LAZR Investors Have Opportunity to Lead Luminar Technologies, Inc. Securities Fraud Lawsuit
ORANGE COUNTY, FLORIDA, JUL 25 – The lawsuit claims undisclosed risks related to Defendant Russell's conduct caused material harm to Luminar's business and financial guidance during the class period.
- Earlier this year, Gainey McKenna & Egleston filed a securities class action lawsuit in Florida, covering March 20 to May 14, 2025 purchases.
- In the complaint, it asserts that Defendant Russell engaged in undisclosed conduct prompting an Audit Committee inquiry, creating material business risk and undermining Luminar's financial guidance.
- Negative public perception could damage Luminar's brand and industry standing, while the Audit Committee opened an inquiry into Russell's undisclosed conduct.
- By September 22, 2025, investors must move the Court to serve as lead plaintiff, and those who purchased Luminar shares are urged to contact the firm before the deadline.
- If you purchased Luminar securities, you may recover compensation through a contingency fee arrangement, while the lawsuit claims investors suffered damages as true details emerged.
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46 Articles
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Luminar Technologies, Inc. (LAZR) - Luminar Technologies (NASDAQ:LAZR)
NEW YORK, July 25, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Middle District of Florida on behalf of all persons or entities who purchased or otherwise acquired Luminar Technologies, Inc. ("Luminar" or the "Company") (NASDAQ:LAZR) securities between March 20, 2025 and May 14, 2025, inclusive (the "Class Period"). The Complaint all…
·New York, United States
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·Crystal River, United States
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Total News Sources46
Leaning Left7Leaning Right4Center17Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 25%
C 61%
14%
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