Austin Russell

Luminar founder Austin Russell agrees to accept a subpoena in a bankruptcy case, following accusations of dodging information requests, signaling ongoing legal exposure for the company and its leadership.

Luminar faces a $22 million bid from Quantum Computing Inc. for its lidar business, with QCI already lined up to buy Luminar's semiconductor division and founder Austin Russell expressing interest.

Luminar Technologies filed for voluntary Chapter 11 bankruptcy, aiming to sell its lidar and semiconductor units, with the semiconductor unit already agreed to be sold to Quantum Computing for $110 million; founder Austin Russell was ousted after an ethics inquiry, and the company will continue operations during proceedings.