{"id":450259,"date":"2021-03-03T21:12:20","date_gmt":"2021-03-04T02:12:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=450259"},"modified":"2021-03-03T21:12:20","modified_gmt":"2021-03-04T02:12:20","slug":"velodyne-lidar-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsuit","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/velodyne-lidar-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsuit\/","title":{"rendered":"VELODYNE LIDAR SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Velodyne Lidar, Inc.- VLDR"},"content":{"rendered":"

<\/p>\n

\nVELODYNE LIDAR SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Velodyne Lidar, Inc.- VLDR\n<\/p>\n

NEW ORLEANS–(BUSINESS WIRE<\/a>)–
\nKahn Swick & Foti, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have untilMay 3, 2021<\/span><\/b> to file lead plaintiff applications in a securities class action lawsuit against Velodyne Lidar, Inc. (NasdaqGS: VLDR), if they purchased the Company\u2019s securities between November 9, 2020 and February 19, 2021, inclusive (the \u201cClass Period\u201d). This action is pending in the United States District Court for the Northern District of California.\n<\/p>\n

\nWhat You May Do\n<\/p>\n

\nIf you purchased securities of Velodyne and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com<\/a>), or visit https:\/\/www.ksfcounsel.com\/cases\/nasdaqgs-vldr\/<\/a> to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 3, 2021<\/span><\/b>.\n<\/p>\n

\nAbout the Lawsuit\n<\/p>\n

\nVelodyne and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.\n<\/p>\n

\nOn February 22, 2021, the Company disclosed 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 and that the Board had formally censured Mr. Hall and Ms. Hall, but they would remain directors of Velodyne.\n<\/p>\n

\nOn this news, shares of Velodyne fell $3.14, or approximately 15%, to close at $17.97 per share on February 22, 2021.\n<\/p>\n

\nThe case is Moradpour v. Velodyne Lidar, Inc., et al.<\/i>, 21-cv-1486.\n<\/p>\n

\nAbout Kahn Swick & Foti, LLC\n<\/p>\n

\nKSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation\u2019s premier boutique securities litigation law firms. KSF serves a variety of clients \u2013 including public institutional investors, hedge funds, money managers and retail investors \u2013 in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.\n<\/p>\n

\nTo learn more about KSF, you may visit www.ksfcounsel.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210303006056\/en\/<\/a><\/span><\/p>\n

\nKahn Swick & Foti, LLC
\n
Lewis Kahn, Managing Partner
\n
lewis.kahn@ksfcounsel.com
\n<\/a>
1-877-515-1850\n<\/p>\n

KEYWORDS:<\/b> Louisiana United States North America<\/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
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

VELODYNE LIDAR SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Velodyne Lidar, Inc.- VLDR NEW ORLEANS–(BUSINESS WIRE)– Kahn Swick & Foti, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have untilMay 3, 2021 to file lead plaintiff applications in a securities class action lawsuit against Velodyne Lidar, Inc. (NasdaqGS: VLDR), if they purchased the Company\u2019s securities between November 9, 2020 and February 19, 2021, inclusive (the \u201cClass Period\u201d). This action is pending in the United States District Court for the Northern District of California. What You May Do If … <\/p>\n

Continue reading “VELODYNE LIDAR SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Velodyne Lidar, Inc.- VLDR”<\/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-450259","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVELODYNE LIDAR SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Velodyne Lidar, Inc.- VLDR - 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\/velodyne-lidar-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsuit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VELODYNE LIDAR SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Velodyne Lidar, Inc.- VLDR - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"VELODYNE LIDAR SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Velodyne Lidar, Inc.- VLDR NEW ORLEANS–(BUSINESS WIRE)– Kahn Swick & Foti, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have untilMay 3, 2021 to file lead plaintiff applications in a securities class action lawsuit against Velodyne Lidar, Inc. (NasdaqGS: VLDR), if they purchased the Company\u2019s securities between November 9, 2020 and February 19, 2021, inclusive (the \u201cClass Period\u201d). This action is pending in the United States District Court for the Northern District of California. 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Foti, Jr., remind investors that they have untilMay 3, 2021 to file lead plaintiff applications in a securities class action lawsuit against Velodyne Lidar, Inc. (NasdaqGS: VLDR), if they purchased the Company\u2019s securities between November 9, 2020 and February 19, 2021, inclusive (the \u201cClass Period\u201d). This action is pending in the United States District Court for the Northern District of California. What You May Do If … Continue reading \"VELODYNE LIDAR SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Velodyne Lidar, Inc.- VLDR\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/velodyne-lidar-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsuit\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-04T02:12:20+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210303006056r1&sid=flmnd&distro=nx&lang=en","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\/velodyne-lidar-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsuit\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/velodyne-lidar-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsuit\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"VELODYNE LIDAR SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Velodyne Lidar, Inc.- VLDR","datePublished":"2021-03-04T02:12:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/velodyne-lidar-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsuit\/"},"wordCount":507,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/velodyne-lidar-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsuit\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210303006056r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/velodyne-lidar-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsuit\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/velodyne-lidar-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsuit\/","name":"VELODYNE LIDAR SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Velodyne Lidar, Inc.- VLDR - 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