SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against EHang Holdings Limited and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
THE ANGEL–(BUSINESS WIRE) – Schall law firm, a national law firm specializing in shareholder rights, has announced the filing of a class action lawsuit against EHang Holdings Limited (“EHang” or “the Company”) (NASDAQ: EH) for violating Sections 10 (b)) and 20 ( a) of the Securities Exchange Act of 1934 and Rule 10b-5 published by the US Securities and Exchange Commission.
Investors who purchased the Company’s securities between December 12, 2019 and February 16, 2021 (including the “Class Period”) are advised to contact the Company before April 19, 2021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall law firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights at no charge. You can also contact us on the company’s website at www.schallfirm.com or by email at firstname.lastname@example.org.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don’t take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. EHang’s North American and European approvals for the EH216 were considered a drone, not a passenger car. The company’s alleged relationship with its main customer is indeed fraudulent. In fact, the company has only collected a small portion of its reported sales since December 2019. The company’s manufacturing facilities appeared to be empty due to a lack of both advanced manufacturing equipment and staff. Because of these facts, the company’s public statements were false and materially misleading throughout the teaching period. When the market learned the truth about EHang, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class and shareholder disputes.
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