Moradpour v. Velodyne Lidar, Inc. Securities Litigation, Case No. 3:21-CV-01486-SI
Welcome to the website for Velodyne Securities Litigation.
If you purchased the publicly traded securities of Velodyne Lidar, Inc. between July 2, 2020, and March 17, 2021, inclusive (the “Class”), you may be entitled to a payment from a class action settlement.
The Court held a Settlement Hearing on August 16, 2024, and approved the Settlement. The Settlement provides a gross amount of $27,500,000, plus interest earned thereon, if any, minus attorneys’ fees, costs, administrative expenses, and taxes, (the “Net Settlement Fund”). The Net Settlement Fund will be distributed to pay claims of eligible claimants.
If you are a member of the Class, in order to be potentially eligible to receive a payment from the proposed Settlement, you must submit a Claim Form no later than September 11, 2024. Payments will be made to eligible Class Members who timely submit valid Claim Forms, if the Court approves the Settlement and after the Court awards attorneys’ fees and expenses, and any appeals are resolved. Please be patient.
The Frequently Asked Questions page of this website has more information on your rights as a Settlement Class Member in this Action.
If you are a member of the Class, your legal rights will be affected whether you act or do not act. If you do not act, and you are a member of the Settlement Class, you will permanently forfeit your right to recover on any claim you might have in the Action. Therefore, you should read the Notice carefully.