The Law Offices of Frank R. Cruz Announces Investigation of Luminar Technologies, Inc. (LAZR) on Behalf of Investors

The Law Offices of Frank R. Cruz announces an investigation of Luminar Technologies, Inc. (“Luminar” or the “Company”) (NASDAQ: LAZR) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On March 17, 2023, news sources reported that Israeli startup, Lidwave had threatened Luminar with legal action after accusing the Company of attempting to pass off a Lidwave processor as its own after Luminar showed an image of the processor at an investor conference and in materials on the Company’s website. Luminar subsequently removed the images in question from the presentation and its website.

On this news, Luminar’s stock price fell $0.68, or 8%, to close at $7.80 per share on March 20, 2023, thereby injuring investors.

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If you purchased Luminar securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005958/en/