{"id":511519,"date":"2021-07-10T09:22:38","date_gmt":"2021-07-10T13:22:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/vldr-long-term-investor-alert-did-you-acquire-velodyne-before-july-2-2020-should-management-be-held-accountable-for-investors-losses\/"},"modified":"2021-07-10T09:22:38","modified_gmt":"2021-07-10T13:22:38","slug":"vldr-long-term-investor-alert-did-you-acquire-velodyne-before-july-2-2020-should-management-be-held-accountable-for-investors-losses","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vldr-long-term-investor-alert-did-you-acquire-velodyne-before-july-2-2020-should-management-be-held-accountable-for-investors-losses\/","title":{"rendered":"VLDR Long-Term Investor Alert: Did You Acquire Velodyne Before July 2, 2020? Should Management be Held Accountable for Investors Losses?"},"content":{"rendered":"
\n

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

\n

\n SAN DIEGO<\/span>, July 10, 2021<\/span> \/PRNewswire\/ — Johnson Fistel<\/span>, LLP is investigating potential claims on behalf of Velodyne Lidar, Inc. (“Velodyne” or the “Company”) (NASDAQ: VLDR)\u00a0against certain of its officers and directors.\u00a0<\/p>\n

Recently a class action lawsuit was filed in federal court against the Company on behalf of purchasers of the securities of Velodyne from July 2, 2020<\/span> and March 17<\/span>, 2021\u00a0(the “Class Period”). <\/p>\n

According to the lawsuit, defendants throughout the Class Period made false and misleading statements and failed to disclose that: (1) Velodyne’s iconic founder and Chairman, David Hall<\/span> (“Hall”), was battling with Velodyne executives for control of the Company; (2) Velodyne was losing major customer contracts; (3) Velodyne was not on track to achieve its stated guidance and such guidance lacked a reasonable basis in fact; (4) Velodyne’s internal controls over financial reporting suffered from multiple material weaknesses; and (5) as a result of the foregoing, defendants’ statements about Velodyne’s business, operations, and prospects were materially misleading and lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

\n
\n If you are a current, long-term shareholder of <\/u>
\n <\/b>
\n
\n Velodyne Inc<\/u>
\n <\/b>
\n
\n , holding shares before <\/u>
\n <\/b>
\n
\n
\n July 2, 2020<\/span>
\n <\/u>
\n <\/b>, you may have standing to hold Velodyne\u00a0harmless from the alleged harm caused by the officers and directors of the Company by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing.\u00a0<\/p>\n

\n If you<\/b>\u00a0are interested in learning more about the investigation, please contact <\/b>lead analyst <\/b>Jim Baker<\/span> (<\/b>jimb@johnsonfistel.com<\/b><\/a>) at 619-814-4471. If emailing, please include a phone number.<\/b>\u00a0<\/p>\n

\n
\n Additionally, if you are a current, long-term shareholder of <\/u>
\n <\/b>
\n
\n Velodyne<\/u>
\n <\/b>
\n
\n , holding shares before <\/u>
\n <\/b>
\n
\n
\n July 2, 2020<\/span>
\n <\/u>
\n <\/b>, you can<\/u><\/b> [Click here to join this action<\/b><\/a>]. There is no cost or obligation to you.<\/p>\n

About Johnson Fistel<\/span>, LLP:
Johnson Fistel<\/span>, LLP is a nationally recognized shareholder rights law firm with offices in California<\/span>, New York<\/span> and Georgia<\/span>. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http:\/\/www.johnsonfistel.com<\/a>. Attorney advertising.\u00a0 Past results do not guarantee future outcomes.<\/p>\n

Contact:
Johnson Fistel<\/span>, LLP
Jim Baker<\/span>, 619-814-4471
jimb@johnsonfistel.com<\/a><\/p>\n

[Click here to join this action<\/b><\/a>]<\/p>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/vldr-long-term-investor-alert-did-you-acquire-velodyne-before-july-2-2020-should-management-be-held-accountable-for-investors-losses-301331048.html<\/a><\/p>\n

SOURCE Johnson Fistel<\/span>, LLP<\/p>\n<\/p><\/div>\n

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

PR Newswire SAN DIEGO, July 10, 2021 \/PRNewswire\/ — Johnson Fistel, LLP is investigating potential claims on behalf of Velodyne Lidar, Inc. (“Velodyne” or the “Company”) (NASDAQ: VLDR)\u00a0against certain of its officers and directors.\u00a0 Recently a class action lawsuit was filed in federal court against the Company on behalf of purchasers of the securities of Velodyne from July 2, 2020 and March 17, 2021\u00a0(the “Class Period”). According to the lawsuit, defendants throughout the Class Period made false and misleading statements and failed to disclose that: (1) Velodyne’s iconic founder and Chairman, David Hall (“Hall”), was battling with Velodyne executives for control of the Company; (2) Velodyne was losing major customer contracts; (3) Velodyne was not on track to achieve its … <\/p>\n

Continue reading “VLDR Long-Term Investor Alert: Did You Acquire Velodyne Before July 2, 2020? Should Management be Held Accountable for Investors Losses?”<\/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-511519","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVLDR Long-Term Investor Alert: Did You Acquire Velodyne Before July 2, 2020? Should Management be Held Accountable for Investors Losses? - 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-long-term-investor-alert-did-you-acquire-velodyne-before-july-2-2020-should-management-be-held-accountable-for-investors-losses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VLDR Long-Term Investor Alert: Did You Acquire Velodyne Before July 2, 2020? Should Management be Held Accountable for Investors Losses? - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN DIEGO, July 10, 2021 \/PRNewswire\/ — Johnson Fistel, LLP is investigating potential claims on behalf of Velodyne Lidar, Inc. (“Velodyne” or the “Company”) (NASDAQ: VLDR)\u00a0against certain of its officers and directors.\u00a0 Recently a class action lawsuit was filed in federal court against the Company on behalf of purchasers of the securities of Velodyne from July 2, 2020 and March 17, 2021\u00a0(the “Class Period”). According to the lawsuit, defendants throughout the Class Period made false and misleading statements and failed to disclose that: (1) Velodyne’s iconic founder and Chairman, David Hall (“Hall”), was battling with Velodyne executives for control of the Company; (2) Velodyne was losing major customer contracts; (3) Velodyne was not on track to achieve its … Continue reading "VLDR Long-Term Investor Alert: Did You Acquire Velodyne Before July 2, 2020? 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