SAN DIEGO & SAN JOSE, Calif.–(BUSINESS WIRE)–Shareholder rights law firm Robbins LLP announces that a class action complaint has been filed on behalf of purchasers of Velodyne Lidar, Inc. securities (NASDAQ: VLDR, VLDRW). The complaint alleges that the Company and its officers and directors violated the Securities Exchange Act of 1934 between November 9, 2020 and February 19, 2021. Velodyne was founded by David Hall and provides solutions to develop safe automated systems including real-time surround view lidar sensors.

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Velodyne Lidar, Inc. (VLDR) Misled Shareholders Regarding the Reasons for Director Departures

According to the complaint,…