{"id":450148,"date":"2021-03-03T17:08:17","date_gmt":"2021-03-03T22:08:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=450148"},"modified":"2021-03-03T17:08:17","modified_gmt":"2021-03-03T22:08:17","slug":"vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\/","title":{"rendered":"VLDR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Velodyne Lidar, Inc."},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, March  03, 2021  (GLOBE NEWSWIRE) &#8212; Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Velodyne Lidar, Inc. (&#8220;Velodyne&#8221; or the &#8220;Company&#8221;) (NASDAQ: VLDR) from November 9, 2020 through February 19, 2021 (the \u201cClass Period\u201d). The lawsuit filed in the United States District Court for the Northern District of California alleges violations of the Securities Exchange Act of 1934.<\/p>\n<p>If you <strong>purchased Velodyne securities, and\/or would like to discuss your legal rights and options<\/strong> please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HPvkRToKcwlM709i7c40Pzv8gAdaNHytqxVnll_SQSJgdacgV0zeLv04bo5YMDOu5oIkXrbt3zx4xInmj13FSzvcFofRGAjWnrwEob06ROuVNn4WpVB1z6VfivpYJb3p0RZzIOKys-NTndVMcbeR2QoH5cRVoEDggNm_-aHSxdtzUpfXc_ZYC9uXnnNaRVgMISHhlPYEuFIe_WRcBi0nBqUDfbvIuwS15pJv5wqxKqY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Velodyne Shareholder Class Action Lawsuit<\/a> or contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=k6ytTxu9fX-liF3MR8SC2h3E-byaLI9s8-SQMp2RKUGP78x_b9KYYr_nbdu_aCee2lSpHQsvIvBNDh0yUiEhlP-2HJhs7R-A9qow7qjnXvs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Matthew E. Guarnero<\/a> toll free at <strong>(877) 779-1414<\/strong> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8GOdfm2mDBswfMvhrUAPn7f5NmT5F4cdkvepD9B5frNL4UEembBDalV6Mq9lIWPrMHdc4qBOykd9dRzUNg8BFVYozcr_NsCrZOaAV6MuYz4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">MGuarnero@bernlieb.com<\/a><\/p>\n<p>The complaint alleges that throughout the Class Period, defendants made materially false and\/or misleading statements, as well as failed to disclose to investors: (i) that certain of Velodyne\u2019s directors had failed to operate with respect, honesty, integrity, and candor in their dealings with the Company\u2019s officers and directors; (ii) that the Company was investigating the foregoing matters; and (iii) that, as a result of the foregoing, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n<p>On February 22, 2021, before the market opened, Velodyne announced that the Board had \u201cremoved David Hall as Chairman of the Board and terminated Marta Hall\u2019s employment as Chief Marketing Officer of the Company\u201d after the Audit Committee\u2019s investigation \u201cconcluded that Mr. Hall and Ms. Hall each behaved 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 In addition, Velodyne\u2019s Board formally censured Mr. Hall and Ms. Hall, but they would remain directors of Velodyne.<\/p>\n<p>On this news, Velodyne\u2019s common stock fell $3.14, or approximately 15%, to close at $17.97 per share on February 22, 2021, on unusually heavy trading volume. Additionally, Velodyne\u2019s warrants fell $1.47, or approximately 20%, to close at $5.90 per warrant on February 22, 2021.<\/p>\n<p>If you wish to serve as lead plaintiff, you must move the Court no later than May 3, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn\u2019t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.<\/p>\n<p>If you <strong>purchased Velodyne securities, and\/or would like to discuss your legal rights and options<\/strong> please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=r9VGgXjR1lN_UlCJXt_6Ptt20gM59GBFn8fP9WLeO-QYiHVybxcjF8sQ3OLwnkN1UDuJJ6-SwgFg9au8rlDeOljiHPdH4QwieYlbuJ7uxHs_X8LRE8BqxDPu41WXZphyFdAunJK1uLphgX16z3GJNoVhrevE8HIUAQYRRxTi0P_tX-KCfv96lCwsOlcdj_MJ7Yr1wuyAS6LSnxZ_AGFv6B8qpTnJkYAGkieyF66iXrZz4dyY90IGs0KZBGQFr1uiu5gcbyR7WH3zZPLVRvxZIHertXLpz_RuOWlmMEGCrk78ooJFZ7mQTyLJ8nMWqWAv\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.bernlieb.com\/cases\/velodynelidarinc-vldr-shareholder-class-action-lawsuit-stock-fraud-370\/apply\/<\/a> or contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=k6ytTxu9fX-liF3MR8SC2tBpQBBOvuBC_L4JjIhoYKTqwYVgpFNdLXVEr4pTMAAhdDwW6eeFx4XAZZhC3vVfCHy4gcpNK93bpmBZ-lqrM9g=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Matthew E. Guarnero<\/a> toll free at <strong>(877) 779-1414<\/strong> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8GOdfm2mDBswfMvhrUAPn7f5NmT5F4cdkvepD9B5frP7Ext2eMO39d5txh4l3L9fqlmvHHQtrFOntxPiZCyY4aaExMFSwDCMDJX-fRu0zKU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">MGuarnero@bernlieb.com<\/a>.<\/p>\n<p>Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal\u2019s \u201cPlaintiffs\u2019 Hot List\u201d thirteen times and listed in The Legal 500 for ten consecutive years.<\/p>\n<p>ATTORNEY ADVERTISING. \u00a9 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.<\/p>\n<p>Contact Information<\/p>\n<p>Matthew E. Guarnero<br \/>Bernstein Liebhard LLP<br \/>https:\/\/www.bernlieb.com<br \/>(877) 779-1414<br \/>MGuarnero@bernlieb.com<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4Mzg5OCM0MDQ3MDQ2IzIwMjkzNDk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/d9dbfc52-ca6d-4c42-b1f8-287f1a9e1d2a\" 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; Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Velodyne Lidar, Inc. (&#8220;Velodyne&#8221; or the &#8220;Company&#8221;) (NASDAQ: VLDR) from November 9, 2020 through February 19, 2021 (the \u201cClass Period\u201d). The lawsuit filed in the United States District Court for the Northern District of California alleges violations of the Securities Exchange Act of 1934. If you purchased Velodyne securities, and\/or would like to discuss your legal rights and options please visit Velodyne Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com The complaint alleges that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VLDR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Velodyne Lidar, Inc.&#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-450148","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>VLDR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Velodyne Lidar, Inc. - 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\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VLDR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Velodyne Lidar, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, March 03, 2021 (GLOBE NEWSWIRE) &#8212; Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Velodyne Lidar, Inc. (&#8220;Velodyne&#8221; or the &#8220;Company&#8221;) (NASDAQ: VLDR) from November 9, 2020 through February 19, 2021 (the \u201cClass Period\u201d). The lawsuit filed in the United States District Court for the Northern District of California alleges violations of the Securities Exchange Act of 1934. If you purchased Velodyne securities, and\/or would like to discuss your legal rights and options please visit Velodyne Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com The complaint alleges that &hellip; Continue reading &quot;VLDR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Velodyne Lidar, Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-03T22:08:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4Mzg5OCM0MDQ3MDQ2IzIwMjkzNDk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"VLDR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Velodyne Lidar, Inc.\",\"datePublished\":\"2021-03-03T22:08:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\\\/\"},\"wordCount\":605,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4Mzg5OCM0MDQ3MDQ2IzIwMjkzNDk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\\\/\",\"name\":\"VLDR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Velodyne Lidar, Inc. - 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(&#8220;Velodyne&#8221; or the &#8220;Company&#8221;) (NASDAQ: VLDR) from November 9, 2020 through February 19, 2021 (the \u201cClass Period\u201d). The lawsuit filed in the United States District Court for the Northern District of California alleges violations of the Securities Exchange Act of 1934. If you purchased Velodyne securities, and\/or would like to discuss your legal rights and options please visit Velodyne Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com The complaint alleges that &hellip; Continue reading \"VLDR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Velodyne Lidar, Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-03T22:08:17+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4Mzg5OCM0MDQ3MDQ2IzIwMjkzNDk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"VLDR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Velodyne Lidar, Inc.","datePublished":"2021-03-03T22:08:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\/"},"wordCount":605,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4Mzg5OCM0MDQ3MDQ2IzIwMjkzNDk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/vldr-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-velodyne-lidar-inc\/","name":"VLDR INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Velodyne Lidar, Inc. - 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