Topic: ethics inquiry
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Luminar Founder Replaced as CEO After Ethics Probe
Luminar Technologies replaced founder Austin Russell as CEO after an ethics investigation, appointing industry veteran Paul Ricci without disclosing specific violations. Russell stepped down from all leadership roles but retains a board seat, with the investigation reportedly unrelated to financi...
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Ousted Luminar CEO Austin Russell Bids to Buy Back Company
Austin Russell, founder of Luminar Technologies, has launched a bid through his new entity Russell AI Labs to acquire all outstanding shares of the company, just months after stepping down as CEO. If the acquisition proceeds, Luminar would remain publicly traded and could merge with a larger auto...
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Ex-Lidar CEO Launches Bid to Reclaim His Company
Austin Russell, Luminar's founder and former CEO, is attempting to regain control of the company by purchasing all outstanding Class A Common Stock through his new entity, Russell AI Labs. The proposal involves taking Luminar private under Russell AI Labs while maintaining its public listing and ...
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Luminar's Lidar Unit Attracts $33 Million Takeover Bid
MicroVision has placed a winning $33 million bid to acquire Luminar's core lidar assets, including intellectual property, inventory, and key personnel, signaling a major industry consolidation. MicroVision's leadership believes this acquisition positions the company to transform the lidar market ...
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Luminar Founder Austin Russell Accepts Subpoena in Bankruptcy Case
Austin Russell, Luminar's founder, has agreed to receive a subpoena for his mobile device data as part of the company's bankruptcy proceedings, with a week to challenge it. Luminar filed for Chapter 11 after losing key auto contracts and facing intense competition, leading to asset sales includin...
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