EHang

EHang Holdings Ltd (NASDAQ:EH) is under investigation for potential violations of federal securities laws. The investigation follows a report by Hindenburg Research that raised concerns about EHang's pre-order book, stating that a significant portion of the claimed orders were based on "dead" or "abandoned" deals. As a result, the price of EHang's American Depositary Shares declined by 12.7%. Investors who purchased EHang securities are encouraged to assist in the investigation.
Nov. 25, 2023 08:12
EHang

Bronstein, Gewirtz & Grossman, LLC is currently investigating potential claims on behalf of purchasers of EHang Holdings Limited ("EHang" or "the Company") (NASDAQ:EH). If you have purchased EHang securities, it is recommended that you obtain additional information and assist the investigation by visiting the firm's website at bgandg.com/eh.

The investigation revolves around the question of whether EHang has violated federal securities laws.

On November 7, 2023, Hindenburg Research released a report titled "EHang: Hollow Order Book and Fake Sales Make This China-Based eVTOL Company Last In Line For Takeoff." The report alleged that the majority of EHang's claimed 1,300+ unit preorder book is based on deals that are either 'dead' or 'abandoned', failed partnerships, and newly-formed customer entities with no discernible operations.

Following this news, the price of EHang American Depositary Shares ("ADSs") dropped by $1.90 per ADS, or 12.7%, closing at $13.06 on November 7, 2023.

If you have any information related to this investigation or have purchased EHang securities, you can assist the investigation by visiting the firm's website at bgandg.com/eh. Alternatively, you can contact Peretz Bronstein or Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660.

There will be no cost to you for our representation. We handle class actions on a contingency fee basis, meaning that we will seek reimbursement from the court for out-of-pocket expenses and attorneys' fees, which is typically a percentage of the total recovery, only if we are successful.

Bronstein, Gewirtz & Grossman, LLC is a highly regarded firm that specializes in representing investors in securities fraud class actions and shareholder derivative suits. We have successfully recovered hundreds of millions of dollars for investors all across the country.

Please note that this is attorney advertising and previous results do not guarantee similar outcomes.

For further information, please contact Bronstein, Gewirtz & Grossman, LLC at 332-239-2660 or email info@bgandg.com.

SOURCE: Bronstein, Gewirtz and Grossman, LLC

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