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Deadline on April 19th coming up in Lawsuit for Investors in EHang Holdings Limited (NASDAQ: EH)

03-26-2021 04:01 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A deadline is coming up on April 19, 2021 in the lawsuit filed for certain investors of EHang Holdings Limited (NASDAQ: EH) over alleged securities laws violations by EHang Holdings Limited.

Investors who purchased shares of EHang Holdings Limited (NASDAQ: EH) have certain options and there are strict and short deadlines running. Deadline: April 19, 2021. NASDAQ: EH stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of EHang Holdings Limited (NASDAQ: EH) common shares between December 12, 2019 and February 16, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between December 12, 2019 and February 16, 2021, Ehang Holdings Limited made materially false and/or misleading statements and/or failed to disclose that the Company's purported regulatory approvals in Europe and North American for its EH216 were for use as a drone, and not for carrying passengers, that its relationship with its purported primary customer is a sham, that EHang Holdings Limited has only collected on a fraction of its reported sales since its ADS began trading on NASDAQ in December 2019, that the Company's manufacturing facilities were practically empty and lacked evidence of advanced manufacturing equipment or employees, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of EHang Holdings Limited (NASDAQ: EH) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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