Rosen Law Firm Launches Investigation on Behalf of EHang Holdings Limited EH Investors

On November 13, 2023, the internationally recognized Rosen Law Firm announced the initiation of an investigation into EHang Holdings Limited EH, an autonomous aerial vehicle (AAV) technology platform company. With headquarters in Guangzhou, the People's Republic of China, and operations extending across North America, East Asia, Europe, and West Asia, EHang Holdings Limited stands at the forefront of AAV innovation and deployment.

Allegations of Misleading Information

The probe focuses on potential securities claims on behalf of shareholders of EHang following allegations that the company may have disseminated materially misleading business information to the investing public. These allegations arose after Hindenburg Research published a report on November 7, 2023, claiming significant discrepancies within EHang's order book and sales figures, notably a contention that 92+% of EHang's 1,300+ unit preorder book primarily comprises 'dead' or 'abandoned' deals, along with questionably viable partnerships and customer entities.

Share Price Impact and Potential Recovery

In the wake of the Hindenburg Research report, the price of EHang's American Depositary Shares (ADSs) experienced a decline. On November 7, 2023, the ADSs fell $1.90 or 12.7%, closing the day at $13.06. Consequently, Rosen Law Firm is currently outlining a class action lawsuit intended to recover the losses of investors stemming from the alleged misinformation. Investors who have purchased securities within the company may be eligible for compensation via a contingency fee arrangement. This arrangement stipulates no upfront out-of-pocket fees or costs to the investors.

Investigation and Legal Support

Rosen Law Firm is known for its global advocacy on behalf of investors and has a storied history of prevailing in securities class actions and shareholder derivative litigation. The firm holds the record for the largest securities class action settlement against a Chinese company and has continually been recognized as a preeminent law firm in this domain. Investors impacted by the allegations can join the prospective class action by registering information on the Rosen Law Firm's website or by contacting the law firm's legal representatives directly.

Given the gravity of the situation and the potential financial repercussions for its shareholders, EHang Holdings Limited is under intense scrutiny. Rosen Law Firm is actively encouraging investors to reach out for more details and to assess their options. The firm's attorneys are poised to provide their expertise and pursue justice for those possibly misled by EHang's purported actions.

lawsuit, investigation, securities