KSF News, Updates, & Insights

KSF Appointed Lead Counsel in Velodyne Lidar, Inc. Securities Litigation

On July 2, 2021, the Hon. Susan Illston, United States District Judge for the Northern District of California, approved the selection of KSF as lead counsel for the putative class in Meysam Moradpour v. Velodyne Lidar Inc., et. al., Case No. 3:21-cv-01486-SI (N.D. Cal.).

Velodyne and certain of its executives are charged with violating the federal securities laws through misrepresentations and omissions during the Class Period concerning the company’s business operations and prospects, including in connection with the Velodyne’s merger with Graf Industrial Corporation.