{"id":449931,"date":"2021-03-03T15:18:13","date_gmt":"2021-03-03T20:18:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=449931"},"modified":"2021-03-03T15:18:13","modified_gmt":"2021-03-03T20:18:13","slug":"notice-of-lead-plaintiff-deadline-for-shareholders-in-the-velodyne-lidar-inc-class-action-lawsuit","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/notice-of-lead-plaintiff-deadline-for-shareholders-in-the-velodyne-lidar-inc-class-action-lawsuit\/","title":{"rendered":"Notice of Lead Plaintiff Deadline for Shareholders in the Velodyne Lidar, Inc. Class Action Lawsuit"},"content":{"rendered":"

<\/p>\n

Notice of Lead Plaintiff Deadline for Shareholders in the Velodyne Lidar, Inc.<\/i> Class Action Lawsuit<\/b><\/p>\n

SAN DIEGO–(BUSINESS WIRE<\/a>)–
\nRobbins Geller Rudman & Dowd LLP announces that a class action lawsuit has been filed in the Northern District of California on behalf of purchasers of Velodyne Lidar, Inc. (NASDAQ:VLDR; NASDAQ:VLDRW) securities between November 9, 2020 and February 19, 2021, inclusive (the \u201cClass Period\u201d). The case is captioned Moradpour v. Velodyne Lidar, Inc.<\/i>,No. 21-cv-01486, and is assigned to Judge Susan Y. Illston. The Velodyne Lidar <\/i>class action lawsuit charges Velodyne Lidar and certain of its executives with violations of the Securities Exchange Act of 1934.\n<\/p>\n

\nThe Private Securities Litigation Reform Act of 1995 permits any investor who purchased Velodyne Lidar securities during the Class Period to seek appointment as lead plaintiff in the Velodyne Lidar <\/i>class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Velodyne Lidar <\/i>class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Velodyne Lidar<\/i> class action lawsuit. An investor\u2019s ability to share in any potential future recovery of the Velodyne Lidar<\/i> class action lawsuit is not dependent upon serving as lead plaintiff. If you wish to serve as lead plaintiff of the Velodyne Lidar<\/i> class action lawsuit or have questions concerning your rights regarding the Velodyne Lidar<\/i> class action lawsuit, please provide your information here<\/a> or contact counsel, Brian Cochran of Robbins Geller, at 800\/449-4900 or 619\/231-1058 or via e-mail at bcochran@rgrdlaw.com<\/a>. Lead plaintiff motions for the Velodyne Lidar<\/i> class action lawsuit must be filed with the court no later than May 3, 2021.<\/b><\/p>\n

\nVelodyne Lidar provides solutions to develop safe automated systems including real-time surround view lidar sensors. Velodyne Lidar became a public entity on or about September 29, 2020 when it merged with Graf Industrial Corp., a special purpose acquisition company.\n<\/p>\n

\nThe Velodyne Lidar<\/i> class action lawsuit alleges that, throughout the Class Period, defendants made false and\/or misleading statements and\/or failed to disclose that: (i) certain of Velodyne Lidar\u2019s directors had failed to operate with respect, honesty, integrity, and candor in their dealings with Velodyne Lidar\u2019s officers and directors; (ii) Velodyne Lidar was investigating the foregoing matters; and (iii) as a result of the foregoing, defendants\u2019 positive statements about Velodyne Lidar\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.\n<\/p>\n

\nOn February 22, 2021, Velodyne Lidar announced that Velodyne Lidar\u2019s Board had removed David Hall as Chairman of the Board and terminated Marta Hall\u2019s employment after an Audit Committee investigation \u201cconcluded that Mr. Hall and Ms. Hall each behaved inappropriately with regard to Board and Company processes, and failed to operate with respect, honesty, integrity, and candor in their dealings with Company officers and directors.\u201d In addition, Velodyne Lidar announced that Velodyne Lidar\u2019s Board formally censured Mr. Hall and Ms. Hall, but that they would remain directors of Velodyne Lidar. On this news, the price of Velodyne Lidar\u2019s common stock fell approximately 15% while the price of Velodyne Lidar\u2019s warrants fell approximately 20%, damaging investors.\n<\/p>\n

\nRobbins Geller Rudman & Dowd LLP is one of the world\u2019s leading law firms representing investors in securities class action litigation. With 200 lawyers in 9 offices, Robbins Geller has obtained many of the largest securities class action recoveries in history. For seven consecutive years, ISS Securities Class Action Services has ranked the Firm in its annual SCAS Top 50 Report as one of the top law firms in the world in both amount recovered for shareholders and total number of class action settlements. Robbins Geller attorneys have helped shape the securities laws and have recovered tens of billions of dollars on behalf of aggrieved victims. Beyond securing financial recoveries for defrauded investors, Robbins Geller also specializes in implementing corporate governance reforms, helping to improve the financial markets for investors worldwide. Robbins Geller attorneys are consistently recognized by courts, professional organizations, and the media as leading lawyers in the industry. Please visit http:\/\/www.rgrdlaw.com<\/a> for more information.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210303005917\/en\/<\/a><\/span><\/p>\n

\nRobbins Geller Rudman & Dowd LLP
\n
Brian E. Cochran, 800-449-4900
\n
bcochran@rgrdlaw.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Notice of Lead Plaintiff Deadline for Shareholders in the Velodyne Lidar, Inc. Class Action Lawsuit SAN DIEGO–(BUSINESS WIRE)– Robbins Geller Rudman & Dowd LLP announces that a class action lawsuit has been filed in the Northern District of California on behalf of purchasers of Velodyne Lidar, Inc. (NASDAQ:VLDR; NASDAQ:VLDRW) securities between November 9, 2020 and February 19, 2021, inclusive (the \u201cClass Period\u201d). The case is captioned Moradpour v. Velodyne Lidar, Inc.,No. 21-cv-01486, and is assigned to Judge Susan Y. Illston. The Velodyne Lidar class action lawsuit charges Velodyne Lidar and certain of its executives with violations of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Velodyne Lidar securities during … <\/p>\n

Continue reading “Notice of Lead Plaintiff Deadline for Shareholders in the Velodyne Lidar, Inc. Class Action Lawsuit”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-449931","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNotice of Lead Plaintiff Deadline for Shareholders in the Velodyne Lidar, Inc. 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(NASDAQ:VLDR; NASDAQ:VLDRW) securities between November 9, 2020 and February 19, 2021, inclusive (the \u201cClass Period\u201d). The case is captioned Moradpour v. Velodyne Lidar, Inc.,No. 21-cv-01486, and is assigned to Judge Susan Y. Illston. The Velodyne Lidar class action lawsuit charges Velodyne Lidar and certain of its executives with violations of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Velodyne Lidar securities during … Continue reading "Notice of Lead Plaintiff Deadline for Shareholders in the Velodyne Lidar, Inc. 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