EHANG HOLDINGS SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against EHang Holdings Limited – EH
NEW ORLEANS–(BUSINESS WIRE) – Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors they have up April 19, 2021 Lead plaintiffs filing a class action lawsuit against EHang Holdings Limited (NasdaqGM: EH) for purchasing the company’s American Depository Shares (“ADS”) between December 12, 2019 and February 16, 2021 (and February 16, 2021). 2021, only to those who bought shares at or above the price of $ 112.00 (including the “Class Period”). This lawsuit is pending in the United States District Court for the Southern District of New York.
What you can do
If you have purchased ADS from EHang and would like to discuss your statutory rights and the possible impact this case may have on you and your right to reimbursement of your economic loss, you can contact KSF’s managing partner, Lewis Kahn, free of charge at no obligation or cost 1-877-515-1850 or email (firstname.lastname@example.org) or visit https://www.ksfcounsel.com/cases/nasdaqgm-eh/ to learn more. If you want to be the lead plaintiff in this class action lawsuit, you must file a motion with the court April 19, 2021.
About the lawsuit
EHang and some of his executives are accused of failing to disclose material information during the classroom, in violation of federal securities laws.
On February 16, 2021, Wolfpack Research reported that based on “extensive evidence … including behind-the-scenes photos, taped phone calls, and videos of on-site visits to EH’s various facilities,” the company is performing an elaborate stock promotion built on largely fabricated Revenue based on bogus sales contracts with a customer who appears to us to be more interested in increasing the value of their retail investment … than actually buying their products “and” carried on their story with a collection of lies about their products , Manufacturing, revenue, partnerships and possible regulatory approval of its alleged primary business. ”
In that news, EHang shares fell to a closing price of $ 46.30 per share, down from $ 77.79 per share, or approximately 62.7% per day.
The case is Amberber v EHang Holdings Limited et al., No. 1: 21-cv-01392.
About Kahn Swick & Foti, LLC
KSF, of which former Louisiana Attorney General Charles C. Foti Jr. is a partner, is one of the leading securities litigation law firms in the country. KSF assists a wide variety of clients – including public institutional investors, hedge funds, money managers and private investors – in their search for investment losses due to corporate fraud and misconduct by listed companies. KSF has offices in New York, California and Louisiana.
To learn more about KSF, you can visit www.ksfcounsel.com.