Luminar Technologies Shareholder Alert: Johnson Fistel Urges Shareholders to Contact the Firm Regarding Class Action Investigation
Shareholder rights law firm Johnson Fistel, LLP is investigating whether Luminar Technologies, Inc. (LAZR) (“Luminar” or the “Company”) investors’ losses may be recovered under the federal securities laws.
What if I purchased Luminar common stock? If you purchased Luminar common stock and suffered significant losses on your investment, join our investigation now:
Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471
There is no cost or obligation to you.
What is Johnson Fistel investigating? Media sources reported on or around March 17, 2023 that Lidwave, a semiconductor developer, had accused Luminar of trying to pass off a Lidwave chip as its own technology. This came after Luminar displayed an image of the processor at an investor conference and on its website. As a result, Lidwave threatened Luminar with legal action, prompting the latter to remove the disputed images from its investor presentation and website. The news caused Luminar’s stock price to drop by $0.68 per share or 8.02% to close at $7.80 per share on March 20, 2023.
What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.
Contact:
Johnson Fistel, LLP
Jim Baker, Lead Securities Analyst
Telephone: (619) 814-4471
Email: jimb@johnsonfistel.com