David Hall, Founder of Velodyne Lidar, Files Lawsuit Against Executives Over Misrepresentations Regarding 2020 SPAC Merger

SAN JOSE, Calif.--(BUSINESS WIRE)--David and Marta Hall, former executive officers and controlling stockholders of Velodyne Lidar, Inc. (NASDAQ:VLDR) ("Velodyne Lidar" or the “Company"), today announced that they have filed a lawsuit in the United States Superior Court of California against certain individuals for their roles in misleading stockholders of the original Velodyne Lidar (“Original Velodyne”) regarding its 2020 SPAC merger with Graf Industrial Corp. ("GIC"). Defendants named in the