{"id":468844,"date":"2021-03-31T12:03:22","date_gmt":"2021-03-31T16:03:22","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=468844"},"modified":"2021-03-31T12:03:22","modified_gmt":"2021-03-31T16:03:22","slug":"glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-velodyne-lidar-inc-vldr-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-velodyne-lidar-inc-vldr-3\/","title":{"rendered":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Velodyne Lidar, Inc. (VLDR)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">LOS ANGELES, March  31, 2021  (GLOBE NEWSWIRE) &#8212; <\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hgTSMppR-tFtA0UNt9gQg32lnM9m4-3sz4uAhBtZjAIsGf5JlfRzvbPkqMXDwNHNGWDAi9dxJTVr7V-Lkg3PBxBOplnCU1IBcVauNdlN09M=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Glancy Prongay &amp; Murray LLP<\/a> (\u201cGPM\u201d) reminds investors of the upcoming\u00a0<strong>May 3, 2021<\/strong><strong>\u00a0<\/strong>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Velodyne Lidar, Inc. (&#8220;Velodyne&#8221; or &#8220;the Company&#8221;) (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=M5gqqlJBPcAMyHvQyI9TG1M7t4I9z8e1ZkK_3SszHN06mrxQ3c6vZBhAeOUCYxzlW1RDyuDtGEOW8X0TOMr4kg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">VLDR<\/a>) securities between \u202f<strong>July 2<\/strong><strong>, 2020 and <\/strong><strong>March 17<\/strong><strong>, 2021,<\/strong> inclusive (the \u201cClass Period\u201d).<\/p>\n<p>If you suffered a loss on your Velodyne investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9crjiqDMT_Nc91XSf8tquEBDF7m7ZVV280BTdwJBEFmP-eJPPfD6z4jqqAeO9LcAhSSqN7bb2-6yeIWKSTAY9uckKoXv_jOP0JWPAuk9u8DJ0TbsBvWcf-2sirj8usroJ1imNgseHwT-tLqHUqIVZRb2E48XBmpDibJVZz5CjAY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.glancylaw.com\/cases\/velodyne-lidar-inc\/<\/a>. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rQ392VYok7V-OushzavZ1RhZP-8ni0dY44g4kzSvunBlUEvgBH_rYqcB8T9wFhbaaqHDSscZ8SXOohTnfCbwhY3tpQaRsM1cuGQjoSap0OxehTJDiN8eKb6B8dBldVG1\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a> to learn more about your rights.<\/p>\n<p>On February 22, 2021, 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, the Company announced that Velodyne\u2019s Board formally censured Mr. Hall and Ms. Hall, but that 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>The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) 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; (2) that the Company was investigating the foregoing matters; and (3) that, as a result of the foregoing, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially false and misleading and\/or lacked reasonable basis at all relevant times.<\/p>\n<p>Follow us for updates on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=eWQ8bIOe1cFmpax7IMO6UMLNsPrIk2ShHJmasT6dlitmkI2EdFSMRnNnsO6r3y83fH55PrZn3l_J4B1L-adDrv8TESZyV8Ww-9GKhzvMhWmDywXqzLhMOvZ9ENMUg3Lz\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LinkedIn<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=eisiqqPRdWh_bbJySYN84rslROpT8nvk5P_ATZFzV3rdxHqiRDPCqCVvufvTfSk1KiiI4N2Ozks8tUVvtoEm-Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Twitter<\/a>, or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cZsPMPuxzr2ERlIM_SIaFFGxsAAjZGrWjMfB0EpTc6eGfhHwXYgaUAu4k0aX5AXDkov4PzLOC9v0IVUYCROsGhWGSB3gZUDh5fsEArOC1bM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Facebook<\/a>.<\/p>\n<p>If you purchased or otherwise acquired Velodyne securities during the Class Period, you may move the Court no later than\u00a0<strong>May 3, 2021 <\/strong>to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rQ392VYok7V-OushzavZ1RhZP-8ni0dY44g4kzSvunC_ZUp3sR3ESy1w1dtEpfQkF_Qd3uCl9rvFw1Xhvj5FLboTGTQ2EAngwdL4cN4RxNOpMmWB7rhpNUO9Fx5_JYAY\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a>, or visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rsMSpdQneo0x1sdCODDkmSrfqaYt2r228JdFLcrAMEvK92kkqXsI_4hnkO24FQhUt9uyS9964Q_2LfXMPQc8Iw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.glancylaw.com<\/a>. If you inquire by email please include your mailing address, telephone number and number of shares purchased.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>\n        <strong>Contacts <\/strong><br \/>\n        <br \/>Glancy Prongay &amp; Murray LLP, Los Angeles <br \/>Charles Linehan, 310-201-9150 or 888-773-9224 <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rQ392VYok7V-OushzavZ1RhZP-8ni0dY44g4kzSvunD-9pDDSJPOdWE_oM9wPsRtBimueTBqHmWNDCH0O83LpLC_EwRzkezdVF2_NAUga_nn0_Cgwb_6mu4BgYHRcUIj\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rsMSpdQneo0x1sdCODDkmUlCZtzp6JOLdz-WlR9869MSHjqH_4nZf77BTmcuTj9XoJzqTNtb1GwpHWahUs0dgg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.glancylaw.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIwODg4MiM0MDk4NjYzIzIwMTcyOTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/50b79358-2996-482e-8e98-ee2f371c7b8b\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES, March 31, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0May 3, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Velodyne Lidar, Inc. (&#8220;Velodyne&#8221; or &#8220;the Company&#8221;) (NASDAQ: VLDR) securities between \u202fJuly 2, 2020 and March 17, 2021, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your Velodyne investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/velodyne-lidar-inc\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-velodyne-lidar-inc-vldr-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Velodyne Lidar, Inc. (VLDR)&#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-468844","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the 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\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-velodyne-lidar-inc-vldr-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Velodyne Lidar, Inc. (VLDR) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES, March 31, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0May 3, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Velodyne Lidar, Inc. (&#8220;Velodyne&#8221; or &#8220;the Company&#8221;) (NASDAQ: VLDR) securities between \u202fJuly 2, 2020 and March 17, 2021, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your Velodyne investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/velodyne-lidar-inc\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more &hellip; Continue reading &quot;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Velodyne Lidar, Inc. 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(VLDR) - 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\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-velodyne-lidar-inc-vldr-3\/","og_locale":"en_US","og_type":"article","og_title":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Velodyne Lidar, Inc. (VLDR) - Market Newsdesk","og_description":"LOS ANGELES, March 31, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0May 3, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Velodyne Lidar, Inc. (&#8220;Velodyne&#8221; or &#8220;the Company&#8221;) (NASDAQ: VLDR) securities between \u202fJuly 2, 2020 and March 17, 2021, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your Velodyne investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/velodyne-lidar-inc\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more &hellip; Continue reading \"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Velodyne Lidar, Inc. (VLDR)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-velodyne-lidar-inc-vldr-3\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-31T16:03:22+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIwODg4MiM0MDk4NjYzIzIwMTcyOTE=","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\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-velodyne-lidar-inc-vldr-3\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-velodyne-lidar-inc-vldr-3\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Velodyne Lidar, Inc. 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