SAN FRANCISCO, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges EHang Holdings Limited (NASDAQ:EH) investors who suffered substantial losses to submit your losses now.
Class Period: Jan. 20, 2022 – Nov. 6, 2023
Lead Plaintiff Deadline: Feb. 2, 2024
Visit: www.hbsslaw.com/investor-fraud/EH
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EHang Holdings Limited (EH) Securities Fraud Class Action:
"We are determining whether EHang hid flight restrictions that came with its highly touted certification issued by the Civil Aviation Administration of China," said Reed Kathrein, the Hagens Berman partner leading the investigation.
"We are also investigating whether the company lied to investors about its technology and book orders," said Kathrein.
The complaint alleges that EHang has continued to state that it was partnering with United Therapeutics, DHL and Vodafone, among others, even though according to a former EHang employee, United Therapeutics, DHL, and Vodafone have abandoned their respective deals with EHang.
The complaint also alleges that EHang omitted that other entities that had placed pre-orders for its aircraft, such as Prestige Aviation and Shenzhen Boling Holding Group, did not engage in regular business in the aviation sector and are ...