New York, New York – (Corp Newsfile – March 23, 2021) – The following statement is issued by Levi & Korsinsky, LLP:
To: All persons or entities who have purchased or acquired other securities of Ehang Holdings Limited (“Ehang Holdings”) (NASDAQ: EH) between December 12, 2019 and February 16, 2021. You are contacted here that a securities class action lawsuit has begun in the United States District Court for the Southern District of New York. For more information go to:
or contact Joseph E. Levi, Esq. either by email at [email protected] or by phone at (212) 363-7500. There is no cost or responsibility.
The complaint alleges that Defendants, during class time, made false and / or misleading statements and / or did not disclose: (i) that the Company had a proven European regulatory license and North America for its EH216 for use as a drone, and did not want to carry passengers; (ii) the relationship with the identified primary customer is a sham; (iii) EHang has accumulated only a fraction of the reported sales since its ADS began trading on NASDAQ in December 2019; (iv) the Company’s manufacturing facilities were substantially empty and there was no evidence of advanced manufacturing equipment or workers; and (v) as a result, the Company’s public statements were misleading and misleading at all material times.
If you have suffered a loss in Ehang Holdings you must April 19, 2021 ask the Court to appoint you as the main objection. Your ability to be involved in any revival does not have to be a master planner.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington DC The firm’s lawyers have extensive experience and experience representing investors in securities lawsuits and they have received hundreds of millions of dollars for exhausted shareholders. Lawyer advertising. Previous results do not guarantee similar results.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Phone: (212) 363-7500
Fax: (212) 363-7171
To view the original version of this press release, visit https://www.newsfilecorp.com/release/78271