EHang Holdings Limited
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
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Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
On November 7, 2023, a report from Hindenburg Research surfaced with several accusations against EHang. Key among these was the claim that EHang had not fully disclosed to investors the extensive flight restrictions on its recently certified technology, which purportedly undermines many of its proposed commercial applications. These restrictions include prohibitions on flying in densely populated areas, shared airspace, and beyond the visual line of sight of ground personnel. The report further alleged that, apart from promotional activities, EHang lacks a functional website and tangible evidence of aviation operations under its Prestige Aviation brand, aside from a photoshoot purportedly featuring a jet with a digitally added EHang logo. The report starkly labeled the Company as a potential hazard, posing risks to both investors and passengers.
Following the release of this report, EHang’s stock value dropped significantly, decreasing by $1.90 or 12.7%, and closed at $13.07 per share on the same day, leading to financial losses for its investors.
