![]() ![]() ![]() And in those three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than double the amount recovered by any other plaintiffs' firm. The Firm is ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report for recovering more than $1.75 billion for investors in 2022 - the third year in a row Robbins Geller tops the list. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Luminar Technologies class action lawsuit.ĪBOUT ROBBINS GELLER: Robbins Geller is one of the world's leading complex class action firms representing plaintiffs in securities fraud cases. The lead plaintiff can select a law firm of its choice to litigate the Luminar Technologies class action lawsuit. A lead plaintiff acts on behalf of all other class members in directing the Luminar Technologies class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Luminar Technologies securities during the Class Period to seek appointment as lead plaintiff of the Luminar Technologies class action lawsuit. On this news, the price of Luminar Technologies stock declined more than 9%, damaging investors. On March 17, 2023, Forbes reported that the semiconductor developer Lidwave had accused Luminar Technologies of attempting to pass off a Lidwave PIC as Luminar Technologies' own product after showing an image of the PIC at the company's Luminar Day investor conference and in materials on its website, threatening Luminar Technologies with legal action. The Luminar Technologies class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Luminar Technologies had misappropriated an image of a competitor's PIC to market Luminar Technologies' own products and capabilities (ii) consequently, Luminar Technologies was subjected to a heightened risk of litigation and/or regulatory enforcement action and (iii) the foregoing, once revealed, was likely to negatively impact Luminar Technologies' business and reputation. Among Luminar Technologies' purported products are photonic integrated circuits ("PICs"), which are important components in the development of autonomous vehicles. ĬASE ALLEGATIONS: Luminar Technologies is an automotive technology company that provides sensor technologies and software for passenger cars and commercial trucks. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at. ![]() If you suffered substantial losses and wish to serve as lead plaintiff of the Luminar Technologies class action lawsuit, please provide your information here: Fla.), the Luminar Technologies class action lawsuit charges Luminar Technologies as well as a top executive with violations of the Securities Exchange Act of 1934. (NASDAQ: LAZR) securities between Februand March 17, 2023, all dates inclusive (the "Class Period") have until Jto seek appointment as lead plaintiff of the Luminar Technologies class action lawsuit. ![]() July 20, 2023) - The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Luminar Technologies, Inc. ![]()
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