In-Laws at War: Family Feud at Velodyne Illuminates SPAC Pitfalls

Velodyne

David Hall and Brad Culkin are inventors, longtime colleagues and brothers-in-law. But as the Financial Times reports, after a SPAC deal and a boardroom bust-up at their company, Velodyne Lidar, they are now, in the words of Hall, locked in a “fight to the death.”

Hall, who founded the 3D sensor business, was ousted as chair earlier this year but remains the largest shareholder and is now determined to strike back against Culkin, who took over as chair, and anyone else on the board who helped remove him. Read more.

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