NEW YORK, June 02, 2023 (GLOBE NEWSWIRE) -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Luminar Technologies, Inc. (NASDAQ: LAZR) alleging that the Company violated federal securities laws.

Class Period: February 28, 2023 to March 17, 2023
Lead Plaintiff Deadline: July 25, 2023
No obligation or cost to you.

Learn more about your recoverable losses in LAZR:
https://www.kleinstocklaw.com/pslra-1/luminar-lawsuit-loss-submission-form?id=40211&from=3

Luminar Technologies, Inc. NEWS - LAZR NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that Luminar Technologies, Inc. made 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.

WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Luminar you have until July 25, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Luminar securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the LAZR lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/luminar-lawsuit-loss-submission-form?id=40211&from=3.

ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com