NEW YORK, NY / ACCESSWIRE / November 23, 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.
There is No Cost to You
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.
Why Bronstein, Gewirtz & Grossman:
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.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz and Grossman, LLC
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