---
title: "10:46 ET\n\t\t\t\n\t\t\t\n\t\t\t\tLAZR Investors Have Opportunity to Lead Luminar Technologies, Inc. Securities Fraud Lawsuit with the Schall Law Firm"
description: "The Schall Law Firm is reminding investors of a class action lawsuit against Luminar Technologies, Inc. (NASDAQ: LAZR) for alleged violations of the Securities Exchange Act. Investors who purchased se"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/250445234.md"
published_at: "2025-07-28T14:47:28.000Z"
---

# 10:46 ET
			
			
				LAZR Investors Have Opportunity to Lead Luminar Technologies, Inc. Securities Fraud Lawsuit with the Schall Law Firm

> The Schall Law Firm is reminding investors of a class action lawsuit against Luminar Technologies, Inc. (NASDAQ: LAZR) for alleged violations of the Securities Exchange Act. Investors who purchased securities between March 20, 2025, and May 14, 2025, are encouraged to contact the firm before September 22, 2025. The lawsuit claims that Luminar made false statements, and the CEO's conduct may have led to an investigation, potentially harming the company's reputation and business practices. Investors are invited to join the case to recover losses.

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Luminar Technologies, Inc. ("Luminar" or "the Company") (NASDAQ: LAZR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b\-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between March 20, 2025, and May 14, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before September 22, 2025.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at \[email protected\].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Luminar CEO and Chairman of the Board Austin Russell engaged in conduct that would result in an investigation performed by the Board of Directors' Audit Committee. The Company was at risk having Russell removed from his positions. The loss of Russell would create risk of adverse impacts on the Company's business practices such as retaining existing customers. The dismissal of Russell could also impact the Company's brand and reputation. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Luminar, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

**CONTACT:**

The Schall Law Firm  
Brian Schall, Esq.,  
www.schallfirm.com  
Office: 310-301-3335  
\[email protected\]

SOURCE The Schall Law Firm

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- [LAZR.US - Luminar Tech](https://longbridge.com/en/quote/LAZR.US.md)
- [LAZRQ.US - LUMINAR TECHNOLOGIES INC](https://longbridge.com/en/quote/LAZRQ.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.