On September 10, 2025, Judge Julie S. Sneed of the Middle District of Florida denied a motion to dismiss a putative securities class action brought against an autonomous vehicle technology company (the “Company”) and its CEO. Alms v. Luminar Technologies, Inc., et al. , 6:23-cv-982-JSS-LHP (M.D. Fla. Sept. 10, 2025). Plaintiffs alleged that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, by allegedly making false statements regarding plans to economize the Company’s newly developed technology.

The Court previously granted defendants’ motions to dismiss plaintiffs’ previous complaint (we covered the previous decision here ), finding that plaintiffs failed to adequately plead materiality and scienter. In the thir

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