{"id":455367,"date":"2021-03-10T17:45:16","date_gmt":"2021-03-10T22:45:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=455367"},"modified":"2021-03-10T17:45:16","modified_gmt":"2021-03-10T22:45:16","slug":"kessler-topaz-meltzer-check-llp-securities-fraud-class-action-filed-against-velodyne-lidar-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-securities-fraud-class-action-filed-against-velodyne-lidar-inc\/","title":{"rendered":"Kessler Topaz Meltzer & Check, LLP: Securities Fraud Class Action Filed Against Velodyne Lidar, Inc."},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n RADNOR, Pa.<\/span>, March 10, 2021<\/span> \/PRNewswire\/ —\u00a0The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed against Velodyne Lidar, Inc. (NASDAQ:\u00a0VLDR; VLDRW) (“Velodyne”) on behalf of those who purchased or acquired Velodyne securities between November 9, 2020<\/span> and February 19, 2021<\/span><\/i><\/b>, inclusive (the “Class Period”).<\/p>\n

\n

\n
\n \"KTMC
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n
\n Lead Plaintiff Deadline:\u00a0May 3, 2021<\/span><\/u><\/i>
\n <\/b>\n <\/p>\n

\n
\n Website:\u00a0<\/i>
\n <\/b>
\n https:\/\/www.ktmc.com\/velodyne-lidar-inc-securities-fraud-class-action?utm_source=PR&utm_medium=link&utm_campaign=velodyne<\/a>\n <\/p>\n

\n
\n Contact:\u00a0<\/i>
\n James Maro, Esq.<\/span> (484) 270-1453
<\/b>
\n
\n Adrienne Bell, Esq.<\/span> (484) 270-1435
<\/b>
\n Toll free (844) 887-9500<\/b>\n <\/p>\n

On February 22, 2021<\/span>, before the market opened, Velodyne announced that its Board of Directors had “removed David Hall<\/span> as Chairman of the Board and terminated Marta Hall’s<\/span> employment as Chief Marketing Officer of the Company” after the Audit Committee’s investigation “concluded 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 [Velodyne] officers and directors.” In addition, Velodyne’s Board formally censured Mr. Hall and Ms. Hall, but they would remain directors of Velodyne.<\/p>\n

Following this news, Velodyne’s common stock fell $3.14<\/span>, or approximately 15%, to close at $17.97<\/span> per share on February 22, 2021<\/span>. Additionally, Velodyne’s warrants fell $1.47<\/span>, or approximately 20%, to close at $5.90<\/span> per warrant on February 22, 2021<\/span>.<\/p>\n

Velodyne investors may, no later than May 3, 2021<\/span><\/u><\/i><\/b>, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member.\u00a0A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.\u00a0In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.\u00a0Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.<\/p>\n

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States<\/span> and around the world.\u00a0The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com<\/a>.<\/p>\n

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.<\/span>
Adrienne Bell, Esq.<\/span>
280 King of Prussia Road
Radnor, PA<\/span> 19087
(844) 887-9500 (toll free)
info@ktmc.com<\/a><\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/kessler-topaz-meltzer–check-llp-securities-fraud-class-action-filed-against-velodyne-lidar-inc-301245020.html<\/a><\/p>\n

SOURCE Kessler Topaz Meltzer & Check, LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire RADNOR, Pa., March 10, 2021 \/PRNewswire\/ —\u00a0The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed against Velodyne Lidar, Inc. (NASDAQ:\u00a0VLDR; VLDRW) (“Velodyne”) on behalf of those who purchased or acquired Velodyne securities between November 9, 2020 and February 19, 2021, inclusive (the “Class Period”). Lead Plaintiff Deadline:\u00a0May 3, 2021 Website:\u00a0 https:\/\/www.ktmc.com\/velodyne-lidar-inc-securities-fraud-class-action?utm_source=PR&utm_medium=link&utm_campaign=velodyne Contact:\u00a0 James Maro, Esq. (484) 270-1453 Adrienne Bell, Esq. (484) 270-1435 Toll free (844) 887-9500 On February 22, 2021, before the market opened, Velodyne announced that its Board of Directors had “removed David Hall as Chairman of the Board and terminated Marta Hall’s employment as Chief Marketing Officer of the Company” after the Audit … <\/p>\n

Continue reading “Kessler Topaz Meltzer & Check, LLP: Securities Fraud Class Action Filed Against Velodyne Lidar, Inc.”<\/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-455367","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nKessler Topaz Meltzer & Check, LLP: Securities Fraud Class Action 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\/kessler-topaz-meltzer-check-llp-securities-fraud-class-action-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=\"Kessler Topaz Meltzer & Check, LLP: Securities Fraud Class Action Filed Against Velodyne Lidar, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire RADNOR, Pa., March 10, 2021 \/PRNewswire\/ —\u00a0The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed against Velodyne Lidar, Inc. (NASDAQ:\u00a0VLDR; VLDRW) (“Velodyne”) on behalf of those who purchased or acquired Velodyne securities between November 9, 2020 and February 19, 2021, inclusive (the “Class Period”). Lead Plaintiff Deadline:\u00a0May 3, 2021 Website:\u00a0 https:\/\/www.ktmc.com\/velodyne-lidar-inc-securities-fraud-class-action?utm_source=PR&utm_medium=link&utm_campaign=velodyne Contact:\u00a0 James Maro, Esq. (484) 270-1453 Adrienne Bell, Esq. (484) 270-1435 Toll free (844) 887-9500 On February 22, 2021, before the market opened, Velodyne announced that its Board of Directors had “removed David Hall as Chairman of the Board and terminated Marta Hall’s employment as Chief Marketing Officer of the Company” after the Audit … Continue reading "Kessler Topaz Meltzer & Check, LLP: Securities Fraud Class Action Filed Against Velodyne Lidar, Inc."\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-securities-fraud-class-action-filed-against-velodyne-lidar-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-10T22:45:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/277422\/ktmc_Logo.jpg\" \/>\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=\"2 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\\\/kessler-topaz-meltzer-check-llp-securities-fraud-class-action-filed-against-velodyne-lidar-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kessler-topaz-meltzer-check-llp-securities-fraud-class-action-filed-against-velodyne-lidar-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Kessler Topaz Meltzer & Check, LLP: Securities Fraud Class Action Filed Against Velodyne Lidar, Inc.\",\"datePublished\":\"2021-03-10T22:45:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kessler-topaz-meltzer-check-llp-securities-fraud-class-action-filed-against-velodyne-lidar-inc\\\/\"},\"wordCount\":512,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kessler-topaz-meltzer-check-llp-securities-fraud-class-action-filed-against-velodyne-lidar-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/277422\\\/ktmc_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kessler-topaz-meltzer-check-llp-securities-fraud-class-action-filed-against-velodyne-lidar-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kessler-topaz-meltzer-check-llp-securities-fraud-class-action-filed-against-velodyne-lidar-inc\\\/\",\"name\":\"Kessler Topaz Meltzer & Check, LLP: Securities Fraud Class Action Filed Against Velodyne Lidar, Inc. - 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