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, February 19, 2021 / PRNewswire / – Schall law firm, a national shareholder rights law firm, has announced that it has filed a class action lawsuit against EHang Holdings Limited (“EHang” or “the Company”) (NASDAQ: EH) for violations of 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 have bought the company’s securities between December 12, 2019 and February 16, 2021inclusive (the “Lesson Period”) it is recommended to contact the Company beforehand April 19th2021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to get in touch Brian Schall the law firm Schall, 2049 Century Park East, Suite 2460, Los Angeles, California 90067, 310-301-3335 to discuss your rights free of charge. You can also contact us on the company’s website at www.schallfirm.com or by email at [email protected].
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. EHangs approvals in North America and Europe for the EH216 were intended as a drone and not as a passenger car. The company’s alleged relationship with its main customer is indeed fraudulent. In fact, the company has only collected a small fraction of its reported sales since then December 2019. The company’s manufacturing facilities appeared to be empty, with 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.
This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.
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