An investigation on behalf of current long term investors in Luminar Technologies, Inc. (NASDAQ:LAZR) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 09/26/2023 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Luminar Technologies, Inc.
Investors who are current long term investors in Luminar Technologies, Inc. (NASDAQ: LAZR) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: LAZR stocks follows a lawsuit filed against Luminar Technologies, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: LAZR stocks, concerns whether certain Luminar Technologies, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that, the defendants made false and/or misleading statements, as well as failed to disclose that Luminar had misappropriated an image of a competitor's PIC to market the Company's own products and capabilities, that the foregoing conduct subjected the Company to a heightened risk of, inter alia, litigation and/or regulatory enforcement action, and that all the foregoing, once revealed, was likely to negatively impact Luminar's business and reputation.
Those who purchased shares of Luminar Technologies, Inc. (NASDAQ: LAZR) have certain options and should contact the Shareholders Foundation.
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