Lawsuit Claims Lidar Maker Failed to Reimburse Stockholders for $495K in Legal Fees
This suit was surfaced by Law.com Radar. Read the complaint here.
August 11, 2023 at 06:06 PM
1 minute read
Digital lidar developer Velodyne Lidar, a subsidiary Ouster Inc., was hit with a lawsuit on Aug. 10 in California Superior Court for San Francisco County in connection with a derivative action. The suit, filed by Velodyne's predecessor entity's majority stockholders and director, alleges Ouster has failed to reimburse them for over $495,000 in legal fees plus interest. The lawsuit was brought by Niesar & Vestal. Counsel have not yet appeared for the defendant. The case is CGC-23-608285, David Hall Et Al Vs. Velodyne Lidar, Inc Et Al.
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