Press release
Investigation announced for Long-Term Investors in EHang Holdings Limited (NASDAQ: EH)
An investigation on behalf of current long term investors in EHang Holdings Limited (NASDAQ: EH) shares.
Investors who are current long term investors in EHang Holdings Limited (NASDAQ: EH) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: EH stocks follows a lawsuit filed against EHang Holdings Limited over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: EH stocks, concerns whether certain EHang Holdings Limited directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that 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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