NEW YORK, NY / ACCESSWIRE / April 16, 2021 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.
Ehang Holdings Limited (NASDAQ:EH)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/ehang-holdings-limited-loss-submission-form?prid=14805&wire=1
Lead Plaintiff Deadline: April 19, 2021
Class Period: December 12, 2019 - February 16, 2021
Allegations against EH include that: (i) the Company's purported regulatory approvals in Europe and North American for its EH216 were for use as a drone, and not for carrying passengers; (ii) its relationship with its purported primary customer is a sham; (iii) EHang has only collected on a fraction of its reported sales since its ADS began trading on NASDAQ in December 2019; (iv) the Company's manufacturing facilities were practically empty and lacked evidence of advanced manufacturing equipment or employees; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
CytoDyn Inc. (OTC PINK:CYDY)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/cytodyn-inc-loss-submission-form?prid=14805&wire=1
Lead Plaintiff Deadline: May 17, 2021
Class Period: March 27, 2020 - March 9, 2021
Allegations against CYDY include that: CytoDyn securities were actively traded over the counter (OTC) in the United States. While the exact number of Class members is unknown to Plaintiff at this time and can be ascertained only through appropriate discovery, Plaintiff believes that there are hundreds or thousands of members in the proposed Class. Record owners and other members of the Class may be identified from records maintained by CytoDyn or its transfer agent and/or OTC Markets and may be notified of the pendency of this action by mail, using the form of notice similar to that customarily used in securities class actions.
XL Fleet Corp. (NYSE:XL)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/xl-fleet-corp-loss-submission-form?prid=14805&wire=1
Lead Plaintiff Deadline: May 7, 2021
Class Period: October 2, 2020 - March 2, 2021
Allegations against XL include that: (1) XL Fleet's salespeople were pressured to inflate their sales pipelines to boost the Company's reported sales and backlog; (2) at least 18 of the 33 customers that XL featured were inactive and had not placed an order since 2019; (3) XL's technology had been materially overstated and offered only 5% to 10% of fleet savings; (4) XL lacks the supply chain and engineers to roll out new products on the announced timelines; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
To learn more contact Vincent Wong, Esq. either via email [email protected] or by telephone at 212.425.1140.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: [email protected]
SOURCE: The Law Offices of Vincent Wong