Class action lawsuit has been filed on behalf of investors of EHang – sUAS News

Thornton law firm advises investors that a class action lawsuit has been filed on behalf of investors of EHang Holdings Limited (NASDAQ: EH).

The case is currently in the lead plaintiff stage. Investors who purchased EH shares or other securities between December 12, 2019 and February 16, 2021, can contact the Thornton law firm’s investor protection team at www.tenlaw.com/cases/EHang to submit their information . Investors can also send emails [email protected] or call 617-531-3917.

The complaint alleges that EHang and its officers made misleading statements to investors and failed to disclose that: (i) EHang’s alleged regulatory approvals in Europe and North America were for the EH216 as a drone and not for the carriage of passengers ; (ii) his relationship with his alleged primary customer 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) EHang’s manufacturing facilities were virtually empty and there was no evidence of advanced manufacturing facilities or employees.

Interested EHang investors have until April 19, 2021 to seek advice and apply as the lead plaintiff if they are interested. Investors do not have to be a lead plaintiff to be a class member. A lead plaintiff is acting on behalf of all other members of the investor class in administering the class action. If investors fail to take action, they can remain an absent class member. The class has not yet been certified. Investors will not be represented by a lawyer until certification.

Thornton law firm’s securities attorneys have extensive experience in representing investors in recovering damages caused by violations of securities laws. The attorneys have a track record of litigation in securities in courts across the country and in recovering losses on behalf of investors. This can be seen as a lawyer promotion in some countries. Past results do not guarantee or forecast a similar result with respect to future matters.

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