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 mail@shareholdersfoundation.com 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.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.