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Moradpour v. Velodyne Lidar, Inc. et al
Case Number:
3:21-cv-01486
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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March 13, 2024
Velodyne Investors Seek OK On $27.5M Deal Over CEO Ouster
Velodyne Lidar stockholders asked a California federal judge Wednesday to preliminarily approve a $27.5 million deal to resolve claims that the company failed to disclose adverse facts regarding the ouster of its founder and that it omitted from securities filings that it'd been investigating director misconduct that led stock prices to fall.
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March 15, 2021
Laser Co. Covered Up Exec's Misconduct, Say Investors
Stockholders of laser-sensing tech company Velodyne Lidar Inc. opened separate derivative and direct class lawsuits in Delaware and California on Friday accusing the company, its top officers and its directors of duty breaches and disclosure failures that sent the company's shares plunging in February.