Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Dec. 05, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises EHang Holdings Limited (NASDAQ: EH) investors that a lawsuit filed on behalf of investors that purchased EHang securities between January 20, 2022 and November 6, 2023, inclusive (the “Class Period”)
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The lawsuit alleges that during the Class Period, the defendants issued significantly false and misleading statements, along with failing to reveal certain critical facts: Firstly, EHang has continued to claim partnerships with entities like United Therapeutics, DHL, and Vodafone, despite a former EHang employee indicating that these companies have terminated their agreements with EHang. Secondly, EHang has not disclosed that companies like Prestige Aviation and Shenzhen Boling Holding Group, who have pre-ordered its aircraft, are not actively involved in the aviation industry and likely lack the financial means to fulfill their orders. Thirdly, as a consequence, the defendants' declarations regarding EHang's business, operations, and future prospects were substantially false and misleading and/or lacked a sound basis throughout the relevant period. The lawsuit contends that when the truth was revealed to the market, investors incurred losses.
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The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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