Reproduced 3/3 times, issue does not occur in //UE5/Release-5.0 - CL 20979098 Binary. Confirmed Regression. 

LiDAR plugin is version .08 in UE5.0.3, and version 1.0 in UE5.1.0

Steps to Reproduce
  1. Open a new Blank Project
  2. In Plugins, enable LiDAR. Restart Editor.
  3. Import a .E57 file that has color
  4. Double-click the file in the Content Browser

Actual Result: Colors are incorrect; everything appears much bluer

Expected Result: It will show the right point color value

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ComponentUE - Editor - Content Pipeline
Affects Versions5.1
Target Fix5.4
CreatedJan 6, 2023
UpdatedFeb 21, 2023