NEW YORK, NY / ACCESSWIRE / April 19, 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=14834&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.
Ebix, Inc. (NASDAQ:EBIX)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/ebix-inc-loss-submission-form?prid=14834&wire=1
Lead Plaintiff Deadline: April 23, 2021
Class Period: November 9, 2020 - February 19, 2021
Allegations against EBIX include that: (1) there was insufficient audit evidence to determine the business purpose of certain significant unusual transactions in Ebix's gift card business in India during the fourth quarter of 2020; (2) there was a material weakness in Company's internal controls over the gift or prepaid revenue transaction cycle; and (3) the Company's independent auditor was reasonably likely to resign over disagreements with Ebix regarding $30 million that had been transferred into a commingled trust account of Ebix's outside legal counsel; and (4) 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.
Plug Power Inc. (NASDAQ:PLUG)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/plug-power-inc-loss-submission-form?prid=14834&wire=1
Lead Plaintiff Deadline: May 7, 2021
Class Period: November 9, 2020 - March 1, 2021
Allegations against PLUG include that: (1) the Company would be unable to timely file its 2020 annual report due to delays related to the review of classification of certain costs and the recoverability of the right to use assets with certain leases; (2) the Company was reasonably likely to report material weaknesses in its internal control over financial reporting; and (3) 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