Middle District of Florida Denies Motion to Dismiss Securities Class Action Against Autonomous Vehicle Tech Company
Case: Alms v. Luminar Technologies, Inc., No. 6:23-cv-982 (M.D. Fla. filed May 26, 2023) Shareholders filed a securities class action against Luminar, an autonomous vehicle technology company, and its CEO. They alleged violations of § 10(b) and § 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, claiming the company misled investors about…