{"id":459987,"date":"2021-03-17T13:59:35","date_gmt":"2021-03-17T17:59:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=459987"},"modified":"2021-03-17T13:59:35","modified_gmt":"2021-03-17T17:59:35","slug":"shareholder-alert-barr-law-group-investigating-vnda-vldr-ride-and-abt-shareholders-are-encouraged-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-barr-law-group-investigating-vnda-vldr-ride-and-abt-shareholders-are-encouraged-to-contact-the-firm\/","title":{"rendered":"SHAREHOLDER ALERT: Barr Law Group Investigating VNDA, VLDR, RIDE, and ABT; Shareholders are Encouraged to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SAN DIEGO, March  17, 2021  (GLOBE NEWSWIRE) &#8212; National law firm Barr Law Group is investigating the actions of the officers and board of directors of Vanda Pharmaceuticals Inc., Velodyne Lidar, Inc., Lordstown Motors Corporation, and Abbott Laboratories.\u00a0\u00a0 If you are a current owner of shares of any of these stocks, contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lc4NNKUuF6weZ72dt-ExoC0QGvNJKGOaQ5o__HtqScjaeKLq7EcLebolUszjDkcnCSVgAP2wiqX0I5S5W7eU2w==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">leo@barrlaw.com<\/a> or call (619) 400-4966.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/p>\n<p align=\"justify\">\n        <strong>Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) Shareholder Lawsuit Update <\/strong>\n      <\/p>\n<p align=\"justify\">Barr Law Group is investigating Vanda Pharmaceuticals Inc. regarding possible breaches of fiduciary duties and other violations of law, including securities claims on behalf of shareholders. On March 10, 2021, Judge Frederic Block of the United States District Court for the Eastern District of New York issued an order denying the company\u2019s motion to dismiss in the pending securities class action, paving the way for litigation to proceed. According to the complaint against Vanda Pharmaceuticals for alleged violations of the Securities Exchange Act of 1934, defendants misled investors about the company\u2019s competitive advantage and hid that the company was engaged in a fraudulent scheme in which the company promoted the off-label use of two primary products that treat central nervous system disorders \u2014 Fanapt and Hetlioz. To learn more about this investigation and your rights, visit:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kt7MLmM59Ob8MXfDjktKRRN079BNv_kxKe-XZaT2zPAA0z53JkUyTclE3GawO5aoCN3JIZ5_sqoA2a_e1SZcChvpD6MIoi6YaTQX6C7NWTqhPCVZOteuOayJO5FkfeSB\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/barrlaw.com\/investor-contact<\/a>. Representation is contingency based, no out of pocket costs.<\/p>\n<p align=\"justify\">\n        <strong>Velodyne Lidar, Inc. (NASDAQ: VLDR) Shareholder Rights Investigation <\/strong>\n      <\/p>\n<p>Barr Law Group is investigating Velodyne Lidar, Inc. regarding possible breaches of fiduciary duties and other violations of law, including securities claims on behalf of shareholders. On\u00a0February 22, 2021, Velodyne announced that the Board had &#8220;removed\u00a0David Hall\u00a0as Chairman of the Board and terminated\u00a0Marta Hall&#8217;s\u00a0employment as Chief Marketing Officer of the Company&#8221; after the Audit Committee&#8217;s investigation &#8220;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 Company officers and directors.&#8221; In addition, the Company announced that Velodyne&#8217;s Board formally censured Mr. Hall and Ms. Hall, but that they would remain directors of Velodyne.\u00a0\u00a0 On this news, Velodyne&#8217;s common stock fell\u00a0$3.14, or approximately 15%, to close at\u00a0$17.97\u00a0per share on\u00a0February 22, 2021, on unusually heavy trading volume. Additionally, Velodyne&#8217;s warrants fell\u00a0$1.47, or approximately 20%, to close at\u00a0$5.90\u00a0per warrant on\u00a0February 22, 2021. Velodyne&#8217;s stock price has continued to fall, currently trading around $14 per share.\u00a0\u00a0 To learn more about this investigation and your rights, visit:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kt7MLmM59Ob8MXfDjktKRRN079BNv_kxKe-XZaT2zPCnwYxCtBBREfk5LS1wBAugosaCSHKPRhT_9sBNFecw42UZAoO6-v9HNFwkdir7xa71_w4eJHaLX2PBqY9gVdzB\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/barrlaw.com\/investor-contact<\/a>. Representation is contingency based, no out of pocket costs.<\/p>\n<p align=\"justify\">\n        <strong>Lordstown Motors Corporation (NASDAQ: RIDE) Shareholder Rights Investigation <\/strong>\n      <\/p>\n<p>Barr Law Group is investigating Lordstown Motors Corporation regarding possible breaches of fiduciary duties and other violations of law by the company\u2019s officers and directors. On March 12, Hindenburg Research put out a report noting: &#8220;Lordstown is an electric vehicle SPAC with no revenue and no sellable product, which we believe has misled investors on both its demand and production capabilities.&#8221;\u00a0\u00a0 Hindenburg also noted, &#8220;Our conversations with former employees, business partners and an extensive document review show that the company&#8217;s orders are largely fictitious and used as a prop to raise capital and confer legitimacy.&#8221;\u00a0\u00a0 On this news, Lordstown was down over 16%.\u00a0\u00a0 To learn more about this investigation and your rights, visit:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kt7MLmM59Ob8MXfDjktKRRN079BNv_kxKe-XZaT2zPCogTGmHR7BsK0r7ZBL3TpoFI1evGEr3R7xFwdx7pEnTzRs6keYUsR1M8m_QOKj3K-z7M8oK-pTFk7do5NtAAek\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/barrlaw.com\/investor-contact<\/a>. Representation is contingency based, no out of pocket costs.<\/p>\n<p align=\"justify\">\n        <strong>Abbott Laboratories (NYSE: ABT) Shareholder Rights Investigation <\/strong>\n      <\/p>\n<p align=\"justify\">Barr Law Group is investigating Abbott Laboratories regarding possible breaches of fiduciary duties and other violations of law by the company\u2019s officers and directors. To learn more about this investigation and your rights, visit:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kt7MLmM59Ob8MXfDjktKRRN079BNv_kxKe-XZaT2zPBMmCZRLXkGICxqxPnOz2X2emcYV6U6IE6Zw_Mryz7nPdV28wHJv_Niw2JrPyfdfvvwZP9YlSkd6CfA2A6VkzC2\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/barrlaw.com\/investor-contact<\/a>. Representation is contingency based, no out of pocket costs.<\/p>\n<p align=\"justify\">Concerned shareholders are encouraged to contact Leo Kandinov to learn more:<\/p>\n<p align=\"justify\">leo@barrlaw.com <br \/>(619) 400-4966<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=US0IA4l670MlBD_s7fL-uuHFK33QBjCug1hhoKpv3nCZzwcjIjqTrKZsNvXzhJh6DutFRm4--2EGMKAxXoSLFQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.barrlaw.com<\/a><\/p>\n<p align=\"justify\">Barr Law Group is a boutique law firm consisting of highly experienced and specialized litigators who represent investors in securities litigation and corporate governance matters. The firm would be happy to further discuss these matters, and any legal rights or remedies potentially available to you, at no charge.<\/p>\n<p align=\"justify\">Attorney Advertising. Past results do not guarantee a similar outcome.<\/p>\n<p align=\"justify\">Contact:<\/p>\n<p align=\"justify\">Leo Kandinov, Partner<br \/>leo@barrlaw.com<br \/>619-400-4966<br \/>501 W Broadway Suite 800<br \/>San Diego, CA 92101<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=US0IA4l670MlBD_s7fL-ug9n7L1gCZTA0Gtl8h2mGgT1WUQ36H0aP6hwwfhfRuVsmaGCetjVc2xyvZHIrqsUOg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.barrlaw.com<\/a><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MTk5MSM0MDY5NDg3IzIyMDE1NzU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/5dc4e48e-ec83-4b4d-882e-837c6111b120\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN DIEGO, March 17, 2021 (GLOBE NEWSWIRE) &#8212; National law firm Barr Law Group is investigating the actions of the officers and board of directors of Vanda Pharmaceuticals Inc., Velodyne Lidar, Inc., Lordstown Motors Corporation, and Abbott Laboratories.\u00a0\u00a0 If you are a current owner of shares of any of these stocks, contact leo@barrlaw.com or call (619) 400-4966.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) Shareholder Lawsuit Update Barr Law Group is investigating Vanda Pharmaceuticals Inc. regarding possible breaches of fiduciary duties and other violations of law, including securities claims on behalf of shareholders. On March 10, 2021, Judge Frederic Block of the United States District Court for the Eastern District of New York issued an order denying &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-barr-law-group-investigating-vnda-vldr-ride-and-abt-shareholders-are-encouraged-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Barr Law Group Investigating VNDA, VLDR, RIDE, and ABT; Shareholders are Encouraged to Contact the Firm&#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-459987","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Barr Law Group Investigating VNDA, VLDR, RIDE, and ABT; Shareholders are Encouraged to Contact the Firm - 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\/shareholder-alert-barr-law-group-investigating-vnda-vldr-ride-and-abt-shareholders-are-encouraged-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Barr Law Group Investigating VNDA, VLDR, RIDE, and ABT; Shareholders are Encouraged to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN DIEGO, March 17, 2021 (GLOBE NEWSWIRE) &#8212; National law firm Barr Law Group is investigating the actions of the officers and board of directors of Vanda Pharmaceuticals Inc., Velodyne Lidar, Inc., Lordstown Motors Corporation, and Abbott Laboratories.\u00a0\u00a0 If you are a current owner of shares of any of these stocks, contact leo@barrlaw.com or call (619) 400-4966.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) Shareholder Lawsuit Update Barr Law Group is investigating Vanda Pharmaceuticals Inc. regarding possible breaches of fiduciary duties and other violations of law, including securities claims on behalf of shareholders. On March 10, 2021, Judge Frederic Block of the United States District Court for the Eastern District of New York issued an order denying &hellip; Continue reading &quot;SHAREHOLDER ALERT: Barr Law Group Investigating VNDA, VLDR, RIDE, and ABT; Shareholders are Encouraged to Contact the Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-barr-law-group-investigating-vnda-vldr-ride-and-abt-shareholders-are-encouraged-to-contact-the-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-17T17:59:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MTk5MSM0MDY5NDg3IzIyMDE1NzU=\" \/>\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\\\/shareholder-alert-barr-law-group-investigating-vnda-vldr-ride-and-abt-shareholders-are-encouraged-to-contact-the-firm\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-barr-law-group-investigating-vnda-vldr-ride-and-abt-shareholders-are-encouraged-to-contact-the-firm\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: Barr Law Group Investigating VNDA, VLDR, RIDE, and ABT; 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Shareholders are Encouraged to Contact the Firm - 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\/shareholder-alert-barr-law-group-investigating-vnda-vldr-ride-and-abt-shareholders-are-encouraged-to-contact-the-firm\/","og_locale":"en_US","og_type":"article","og_title":"SHAREHOLDER ALERT: Barr Law Group Investigating VNDA, VLDR, RIDE, and ABT; Shareholders are Encouraged to Contact the Firm - Market Newsdesk","og_description":"SAN DIEGO, March 17, 2021 (GLOBE NEWSWIRE) &#8212; National law firm Barr Law Group is investigating the actions of the officers and board of directors of Vanda Pharmaceuticals Inc., Velodyne Lidar, Inc., Lordstown Motors Corporation, and Abbott Laboratories.\u00a0\u00a0 If you are a current owner of shares of any of these stocks, contact leo@barrlaw.com or call (619) 400-4966.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) Shareholder Lawsuit Update Barr Law Group is investigating Vanda Pharmaceuticals Inc. regarding possible breaches of fiduciary duties and other violations of law, including securities claims on behalf of shareholders. On March 10, 2021, Judge Frederic Block of the United States District Court for the Eastern District of New York issued an order denying &hellip; Continue reading \"SHAREHOLDER ALERT: Barr Law Group Investigating VNDA, VLDR, RIDE, and ABT; Shareholders are Encouraged to Contact the Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-barr-law-group-investigating-vnda-vldr-ride-and-abt-shareholders-are-encouraged-to-contact-the-firm\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-17T17:59:35+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MTk5MSM0MDY5NDg3IzIyMDE1NzU=","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\/shareholder-alert-barr-law-group-investigating-vnda-vldr-ride-and-abt-shareholders-are-encouraged-to-contact-the-firm\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-barr-law-group-investigating-vnda-vldr-ride-and-abt-shareholders-are-encouraged-to-contact-the-firm\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: Barr Law Group Investigating VNDA, VLDR, RIDE, and ABT; 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