NEW
YORK, July 21, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action
lawsuit has commenced on behalf of shareholders of Luminar
Technologies, Inc. (NASDAQ: LAZR).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/luminar-class-action-loss-submission-form/?id=42377&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Luminar between February 28,
2023 and March 17, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
July 25, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Luminar Technologies, Inc.
issued materially false and/or misleading statements and/or failed
to disclose that: (i) Luminar had misappropriated an image of a
competitor's photonic integrated circuit ("PIC") to market the
Company's own products and capabilities; (ii) the foregoing conduct
subjected the Company to a heightened risk of, inter alia,
litigation and/or regulatory enforcement action; (iii) all the
foregoing, once revealed, was likely to negatively impact Luminar's
business and reputation; and (iv) as a result, the Company's public
statements were materially false and misleading at all relevant
times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities
fraud. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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content:https://www.prnewswire.com/news-releases/lazr-shareholder-alert-jakubowitz-law-reminds-luminar-shareholders-of-a-lead-plaintiff-deadline-of-july-25-2023-301882583.html
SOURCE Jakubowitz Law