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New York, New York--(Newsfile Corp. - April 13, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Velodyne Lidar, Inc. (NASDAQ: VLDR) alleging that the Company violated federal securities laws.
Class Period: July 2, 2020 and March 17, 2021
Lead Plaintiff Deadline: May 3, 2021
Learn more about your recoverable losses in VLDR:
The filed complaint alleges that Velodyne Lidar, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) certain of Velodyne's directors had failed to operate with respect, honesty, integrity, and candor in their dealings with the Company's officers and directors; (2) the Company was investigating the foregoing matters; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Shareholders have until May 3, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the VLDR lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80378