Luminar Technologies investors have until Sept 22 to join class action lawsuit.

Rosen Law Firm reminds investors of Luminar Technologies, Inc. securities purchased between March 20, 2025, and May 14, 2025, to take action by September 22, 2025, to potentially receive compensation through a contingency fee arrangement. To join the class action, visit https://rosenlegal.com/submit-form/?case_id=14243 or call Phillip Kim at 866-767-3653.

Investors who purchased Luminar Technologies, Inc. (NASDAQ: LAZR) securities between March 20, 2025, and May 14, 2025, are urged to take action by September 22, 2025, to potentially receive compensation through a class action lawsuit. Rosen Law Firm, a global investor rights law firm, has reminded investors of the impending deadline and the opportunity to join the class action.

The lawsuit alleges that Luminar and certain of its officers made false and/or misleading statements and/or failed to disclose material adverse facts about the company's compliance, operations, and outlook. Specifically, it is alleged that Austin Russell, Luminar's President, CEO, and Chairman of the Board, was engaged in undisclosed conduct that would make him the subject of an inquiry by the Audit Committee of the Board of Directors. This conduct created material risk that Russell would be released from his positions at the Company, which would then adversely affect the Company's business.

On May 14, 2025, approximately 30 minutes after Luminar issued its first quarter 2025 financial results, the company announced that Russell had resigned. The stock price fell significantly, dropping by $0.80 per share, or 16.80%, to close at $3.96 per share on May 15, 2025. This news, along with the resignation of Russell, has been cited as a major factor in the stock price decline.

Investors who suffered losses during this period are encouraged to join the class action lawsuit. Rosen Law Firm represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. To join the Luminar class action, investors can visit [Rosen Law Firm's website](https://rosenlegal.com/submit-form/?case_id=14243) or call Phillip Kim at 866-767-3653.

The Rosen Law Firm has urged investors to select qualified counsel with a track record of success in leadership roles. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors.

Investors are reminded that the deadline to request that the Court appoint them as lead plaintiff is September 22, 2025. This opportunity allows investors to potentially receive compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.

References:
[1] Rosen Law Firm. (2025). Lazr Investors Have Opportunity to Lead Luminar Technologies, Inc. Securities Fraud Lawsuit. PR Newswire. [Link](https://www.prnewswire.com/news-releases/lazr-investors-have-opportunity-to-lead-luminar-technologies-inc-securities-fraud-lawsuit-302525553.html)