NEW YORK, NY / ACCESSWIRE / November 20, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of EHang Holdings Limited ("EHang" or "the Company") (NASDAQ:EH). Investors who purchased EHang securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/eh.
The investigation concerns whether EHang has violated federal securities laws.
Investigation Details:
On November 7, 2023, before the market opened, Hindenburg Research released a report entitled "EHang: Hollow Order Book and Fake Sales Make This China-Based eVTOL Company Last In Line For Takeoff." The report stated, in pertinent part, that "92+% of EHang's claimed 1,300+ unit preorder book is based on ‘dead' or ‘abandoned' deals, failed partnerships, and newly-formed customer entities with no discernible operations."
On this news, the price of EHang American Depositary Shares ("ADSs") declined $1.90 per ADS, or 12.7%, to close at $13.06 on November 7, 2023.
What's Next?
If you are aware of any facts relating to this investigation or purchased EHang securities, you can assist this investigation by visiting the firm's site: bgandg.com/eh. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC