HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts EHang Holdings Limited (EH) Investors to April 19th Deadline in Securities Class Action, Urges Investors with Losses to Contact the Firm

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HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Clover Health Investments (CLOV) Investors to April 6th Application Deadline in Securities Class Action, Encourages Investors with Losses to Contact its Attorneys Now

SAN FRANCISCO, April 10, 2021 (GLOBE NEWSWIRE) – Hagens Berman urges EHang Holdings Limited (NASDAQ: EH) Investors with significant losses must file their losses now. A securities fraud class lawsuit has been filed and certain investors may have valuable claims.

School lesson: Dec. Dec. 9, 2019 – Feb. 16, 2021
Deadline of the main plaintiff: April 19, 2021
Visit: www.hbsslaw.com/investor-fraud/ehang
Contact an attorney now: [email protected]
844-916-0895

EHang Holdings Limited (EH) securities disputes::

The complaint alleges that throughout the classroom, defendants misrepresented and concealed the following: (i) E-Hang’s alleged regulatory approvals in Europe and North America for the EH216 were for use as a drone and not for carriage Passengers intended; (ii) his relationship with his alleged primary customer Kunxiang is a sham; (iii) EHang has only accumulated a fraction of its reported sales since its ADS traded on NASDAQ in December 2019. and (iv) the company’s manufacturing facilities were virtually empty with no evidence of advanced manufacturing facilities or employees.

Investors allegedly learned the truth on February 16, 2021 when analyst Wolfpack Research released a scathing report on the company. Wolfpack Research claims Kunxiang entered into bogus contracts to promote EH’s share price. Wolfpack Research also claims that EH has exaggerated revenue by reporting sales for which it cannot generate revenue. Wolfpack Research also notes that EH is making false claims about regulatory approvals the company allegedly received, which misleadingly suggests that the company has commercial approval for its products.

In the news, EHang shares fell $ 77.79 per share (or 62.7%) in one trading day.

“We’re focusing on investor losses and proving that EH lied about its revenue, customers and regulatory approvals,” said Reed Kathrein, the Hagens Berman partner who led the investigation.

If you are a retail investor, click here to discuss your legal rights with Hagens Berman.

The story goes on

Whistleblower: Individuals with nonpublic information about EH should review their options to help with the investigation or to use the SEC’s whistleblower program. Under the new program, whistleblowers who provide original information can receive rewards of up to 30 percent for each successful SEC recovery. Further information is available from Reed Kathrein at 844-916-0895 or send an email to [email protected]

About Hagens Berman
Hagens Berman is a national law firm with eight offices in eight cities across the country and over eighty attorneys. The firm represents investors, whistleblowers, employees and consumers in complex legal disputes. More information about the company and its achievements can be found at hbsslaw.com. For the latest news, visit our newsroom or follow us on Twitter @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895