{"id":449943,"date":"2021-03-03T15:56:14","date_gmt":"2021-03-03T20:56:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=449943"},"modified":"2021-03-03T15:56:14","modified_gmt":"2021-03-03T20:56:14","slug":"scottscott-attorneys-at-law-llp-alerts-investors-to-securities-class-action-against-velodyne-lidar-inc-vldr-vldrw-and-may-3-deadline","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-alerts-investors-to-securities-class-action-against-velodyne-lidar-inc-vldr-vldrw-and-may-3-deadline\/","title":{"rendered":"Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against Velodyne Lidar, Inc. (VLDR; VLDRW) and May 3 Deadline"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, March  03, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1aYeb4OG2Id2Y5gGHgtceq1zY9ycJssV6bthIu6spi8UN1HYV6OXcG4cFLOmpnGepn_5YfFR3tn6wJOQ-JhwtmIpPEcuWGEbpZZwku8J0kLPu-f__LL33CP-hTBO2OnqeJ9mr7Q6gAOtscIHQ7YEoA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Scott+Scott Attorneys at Law LLP<\/a> (\u201cScott+Scott\u201d), an international shareholder and consumer rights litigation firm, announces the filing of a class action lawsuit against Velodyne Lidar, Inc. (\u201cVelodyne\u201d or the \u201cCompany\u201d) (NASDAQ: VLDR; VLDRW) and certain of its officers, alleging violations of federal securities laws. <strong>If you purchased Velodyne common stock or warrants between November 9, 2020 and February 19, 2021, inclusive (the \u201cClass Period\u201d), and have suffered a loss, you are encouraged to contact attorney Joe Pettigrew for additional information at (844) 818-6982 or <\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KUe5xKEjkYBsI5pc0jeEUgY289oUeg1icHhsllfBiMk7VMsutcI4pvuML-s43ssp_uP6BjVmczfHH_GoycULCjOYNTC8BtjwM_0w3v7d-Eu9kmKt8gjFylQTU9WC651Y\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>jpettigrew@scott-scott.com<\/strong><\/a><strong>.<\/strong><\/p>\n<p align=\"justify\">Velodyne provides solutions to develop safe automated systems including real-time surround view lidar sensors.<\/p>\n<p align=\"justify\">The lawsuit alleges, among other things, that the Company made materially false and\/or misleading statements and\/or failed to disclose: (1) that certain of Velodyne&#8217;s directors had failed to operate with respect, honesty, integrity, and candor in their dealings with the Company&#8217;s officers and directors; (2) that the Company was investigating the foregoing matters; and (3) that, as a result of the foregoing, Defendants&#8217; positive statements about the Company&#8217;s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis..<\/p>\n<p align=\"justify\">From January 13, 202 to February 18, 2021, despite Velodyne\u2019s prior statements touting the effectiveness of its disclosure controls and procedures, the Company either removed directors, officers, and board members from their positions or saw them voluntarily resign. On February 22, 2021, after the removals and departures took place, the Company stated that Chairman of the Board, David Hall, and Chief Marketing Officer, Marta Hall, \u201cbehaved inappropriately with regard to certain Board and Company processes, and failed to operate with respect, honesty, integrity, and candor in their dealings with Company officers and directors,\u201d<\/p>\n<p align=\"justify\">On this news, the price of Velodyne\u2019s common stock fell $3.14, or 14.8%, to close at $17.97 per share on February 22, 2021. Additionally, the price of Velodyne warrants fell $1.47, or 19.9%, to close at $5.90 per warrant on February 22, 2021.<\/p>\n<p align=\"justify\">\n        <strong>What You Can Do<\/strong>\n      <\/p>\n<p align=\"justify\">If you purchased <strong>Velodyne common stock or warrants between November 9, 2020 and February 19, 2021<\/strong>, or if you have questions about this notice or your legal rights, you are encouraged to contact attorney Joe Pettigrew at (844) 818-6982 or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KUe5xKEjkYBsI5pc0jeEUgY289oUeg1icHhsllfBiMlzsSVBhq7qcb-64tlK_Z9wn55eNO1wRPHM8istG8TTawkG7b3pzZITdjWAiT-ugrfhowxV9-QpUWDtqWAj_PZr\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">jpettigrew@scott-scott.com<\/a>. The lead plaintiff deadline is May 3, 2021.<\/p>\n<p align=\"justify\">\n        <strong>About Scott+Scott Attorneys at Law LLP<\/strong>\n      <\/p>\n<p align=\"justify\">Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.<\/p>\n<p align=\"justify\">Attorney Advertising<\/p>\n<p align=\"justify\">\n        <strong>CONTACT:<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>Joe Pettigrew<\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1aYeb4OG2Id2Y5gGHgtceq1zY9ycJssV6bthIu6spi-XPsefUuqsoOVN9-sdxrZAZ-Z9uOWyjtZsqrqv84jmO8behaSFZJYgiDnmq3nVD31xGPcaScOtYbBjHNcAemoxFzyb5oUkLRx0W5XoDajusQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>Scott+Scott Attorneys at Law LLP<\/strong><br \/>\n        <\/a><br \/>\n        <br \/>\n        <strong>230 Park Avenue, 17th Floor, New York, NY 10169-1820<\/strong><br \/>\n        <br \/>\n        <strong>(844) 818-6982<\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KUe5xKEjkYBsI5pc0jeEUgY289oUeg1icHhsllfBiMmWiwWiq06Jj9MCVzDnkJ9nGgQ0B4ogPDddlI-fNQzQMMGyB2KvEt15FfjFP-gkEpwzP20TJLvYf2fue5v8uV-_\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>jpettigrew@scott-scott.com<\/strong><br \/>\n        <\/a>\n      <\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4Mzk4MyM0MDQ3MzI3IzIxODkwNzM=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/0b39999f-944d-47f1-9086-ccfbd1c49a48\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, March 03, 2021 (GLOBE NEWSWIRE) &#8212; Scott+Scott Attorneys at Law LLP (\u201cScott+Scott\u201d), an international shareholder and consumer rights litigation firm, announces the filing of a class action lawsuit against Velodyne Lidar, Inc. (\u201cVelodyne\u201d or the \u201cCompany\u201d) (NASDAQ: VLDR; VLDRW) and certain of its officers, alleging violations of federal securities laws. If you purchased Velodyne common stock or warrants between November 9, 2020 and February 19, 2021, inclusive (the \u201cClass Period\u201d), and have suffered a loss, you are encouraged to contact attorney Joe Pettigrew for additional information at (844) 818-6982 or jpettigrew@scott-scott.com. Velodyne provides solutions to develop safe automated systems including real-time surround view lidar sensors. The lawsuit alleges, among other things, that the Company made materially false and\/or &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-alerts-investors-to-securities-class-action-against-velodyne-lidar-inc-vldr-vldrw-and-may-3-deadline\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against Velodyne Lidar, Inc. (VLDR; VLDRW) and May 3 Deadline&#8221;<\/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-449943","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against Velodyne Lidar, Inc. (VLDR; VLDRW) and May 3 Deadline - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-alerts-investors-to-securities-class-action-against-velodyne-lidar-inc-vldr-vldrw-and-may-3-deadline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against Velodyne Lidar, Inc. (VLDR; VLDRW) and May 3 Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, March 03, 2021 (GLOBE NEWSWIRE) &#8212; Scott+Scott Attorneys at Law LLP (\u201cScott+Scott\u201d), an international shareholder and consumer rights litigation firm, announces the filing of a class action lawsuit against Velodyne Lidar, Inc. (\u201cVelodyne\u201d or the \u201cCompany\u201d) (NASDAQ: VLDR; VLDRW) and certain of its officers, alleging violations of federal securities laws. If you purchased Velodyne common stock or warrants between November 9, 2020 and February 19, 2021, inclusive (the \u201cClass Period\u201d), and have suffered a loss, you are encouraged to contact attorney Joe Pettigrew for additional information at (844) 818-6982 or jpettigrew@scott-scott.com. Velodyne provides solutions to develop safe automated systems including real-time surround view lidar sensors. The lawsuit alleges, among other things, that the Company made materially false and\/or &hellip; Continue reading &quot;Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against Velodyne Lidar, Inc. 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(VLDR; VLDRW) and May 3 Deadline - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-alerts-investors-to-securities-class-action-against-velodyne-lidar-inc-vldr-vldrw-and-may-3-deadline\/","og_locale":"en_US","og_type":"article","og_title":"Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against Velodyne Lidar, Inc. (VLDR; VLDRW) and May 3 Deadline - Market Newsdesk","og_description":"NEW YORK, March 03, 2021 (GLOBE NEWSWIRE) &#8212; Scott+Scott Attorneys at Law LLP (\u201cScott+Scott\u201d), an international shareholder and consumer rights litigation firm, announces the filing of a class action lawsuit against Velodyne Lidar, Inc. (\u201cVelodyne\u201d or the \u201cCompany\u201d) (NASDAQ: VLDR; VLDRW) and certain of its officers, alleging violations of federal securities laws. If you purchased Velodyne common stock or warrants between November 9, 2020 and February 19, 2021, inclusive (the \u201cClass Period\u201d), and have suffered a loss, you are encouraged to contact attorney Joe Pettigrew for additional information at (844) 818-6982 or jpettigrew@scott-scott.com. Velodyne provides solutions to develop safe automated systems including real-time surround view lidar sensors. The lawsuit alleges, among other things, that the Company made materially false and\/or &hellip; Continue reading \"Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against Velodyne Lidar, Inc. (VLDR; VLDRW) and May 3 Deadline\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-alerts-investors-to-securities-class-action-against-velodyne-lidar-inc-vldr-vldrw-and-may-3-deadline\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-03T20:56:14+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4Mzk4MyM0MDQ3MzI3IzIxODkwNzM=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-alerts-investors-to-securities-class-action-against-velodyne-lidar-inc-vldr-vldrw-and-may-3-deadline\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-alerts-investors-to-securities-class-action-against-velodyne-lidar-inc-vldr-vldrw-and-may-3-deadline\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against Velodyne Lidar, Inc. 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