{"id":451881,"date":"2021-03-05T11:33:01","date_gmt":"2021-03-05T16:33:01","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451881"},"modified":"2021-03-05T11:33:01","modified_gmt":"2021-03-05T16:33:01","slug":"glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ehang-holdings-limited-eh-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ehang-holdings-limited-eh-3\/","title":{"rendered":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against EHang Holdings Limited (EH)"},"content":{"rendered":"<h2>\nShareholders with $10,000 losses or more are encouraged to contact the firm<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">LOS ANGELES, March  05, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TR1S0fVRlKV6sXF0GJp6vA0MWDC3qdk--aKE8ozRF4BPVhq1Qgyoiu2H5ysiUUhcMOVeYwp8XO2eHk3kGCoUzAgJsEd6WJnoOXR2WRuSPu4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Glancy Prongay &amp; Murray LLP<\/a> (\u201cGPM\u201d) reminds investors of the upcoming\u00a0<strong>April 19, 2021<\/strong><strong>\u00a0<\/strong>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired EHang Holdings Limited (\u201cEHang\u201d or the \u201cCompany\u201d) (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=UGatZJW1X8lhqGfl66cBsBSwM2NfpLgbH6ekBuizpdfBUpyYc3m_Gb16dNtY6lyxjOkWFQD9vLSVlvnat7PLHg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">EH<\/a>) American Depositary Shares (\u201cADSs\u201d) between <strong>December 12, 2019 and February 16, <\/strong><strong>2021<\/strong>, inclusive (the \u201cClass Period\u201d).<\/p>\n<p>If you suffered a loss on your EHang investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dnaAd3KKloJgfEqiRw_iRhDFdk5GJ6Gq3lihSFG7Vt4WZ9NXKWuWj6kyQ4eVw6kf59S0uJNXQKzB66GaJYR_SUgPIPwqsrEqA1wQtNriYm6zyWhif_LH0AlTb4nS1CnF12Sv4jjfhEH2QYkOIwswuBafVqPfGU1izjKRmCYcGmFMXaAwrDcoxtC1EGKGb2sO\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.glancylaw.com\/cases\/ehang-holdings-limited\/<\/a>. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=843uCop49_PLtMARjDMVKlNqo5m14SiR0da6QQHfBXJKSq-E41nm6RIgATbynKKqBRJf2_JS-XPW6WyQY0Apu429TJIhUR4B_fmTY9t6w7QR089fZ-gKnNOj_PSDCjUl\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a> to learn more about your rights.<\/p>\n<p>On February 16, 2021, analyst Wolfpack Research published a research report entitled \u201cEHang: A Stock Promotion Destined to Crash and Burn.\u201d Citing \u201cextensive evidence\u201d including \u201cbehind-the-scenes photographs, recorded phone calls, and videos of on-site visits to EH\u2019s various facilities,\u201d the report alleged that EHang is \u201can elaborate stock promotion, built on largely fabricated revenues based on sham sales contracts with a customer [Shanghai Kunxiang Intelligent Technology Co., Ltd.] who appears to us to be more interested in helping inflate the value of its investment in EH . . . than about buying its products.\u201d Wolfpack Research also noted that \u201cin just 14 months as a publicly traded company, EH\u2019s PR team has put out 50 press releases . . . . However, EH\u2019s constant stream of press releases are easily proven untrue.\u201d Finally, the report alleged that Wolfpack Research \u201cobtained Chinese court records which show that EH\u2019s ADRs may already be in serious jeopardy due to legal issues in China.\u201d<\/p>\n<p>On this news, the Company\u2019s share price fell $77.79, or approximately 62.7%, to close at $46.30 per share, thereby injuring investors.<\/p>\n<p>The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company\u2019s purported regulatory approvals in Europe and North America for its EH216 were for use as a drone, and not for carrying passengers; (2) its relationship with its purported primary customer is a sham; (3) EHang has only collected on a fraction of its reported sales since its ADS began trading on NASDAQ in December 2019; (4) the Company\u2019s manufacturing facilities were practically empty and lacked evidence of advanced manufacturing equipment or employees; and (5) as a result, Defendants\u2019 statements about its business, operations, and prospects were materially false and misleading and\/or lacked reasonable basis at all relevant times.<\/p>\n<p>Follow us for updates on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XyoYU6svE7uV6LKsYb2E1lfK-jvNluMkeTRWsiZzmOKMDD0XsaTc-8adgErrBo243-u5zG8YvVOMTzGxoVtSfdVHcyFosmapiKr-XKY2XWMxxFjoTmCx2kLTjccEkeyR\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LinkedIn<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dLEbqRnUNa7e2mrlJO4kpwIIGoduwxreTeWeOlmfv3wdGqbhUz5EFmldiBtNgu3DUmZKEMTqXLEiCcDw8eel8w==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Twitter<\/a>, or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FJ9ZhPkRmU7Tr08oZmg59vd4eeFDwrHXMwJCj9D6ouz3vca8HRnSuIVYomLT_jQJvKJN-DIBCBnFs9e4EuxFDUL5a-e8uPFQ7xbPBKoK2Ug=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Facebook<\/a>.<\/p>\n<p>If you purchased or otherwise acquired EHang\u00a0ADSs\u00a0 during the Class Period, you may move the Court no later than\u00a0<strong>April 19, 2021 <\/strong>to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=843uCop49_PLtMARjDMVKlNqo5m14SiR0da6QQHfBXJEp0C97O4w76xKNoo3VGYtHP67myzbCmI17RX4_x8p5gtmFiqR53tvnlc2uhpLcAsjy3jPq-LS7u6kioTQpcek\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a>, or visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=70kwe41pYTpamuqXqG0ptrjoKS-KyPSp1vxoB0TgIg-5zwKSES7EYelfG0r1lccGBM-5IiOLxFlktgozyDRL_A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.glancylaw.com<\/a>. If you inquire by email please include your mailing address, telephone number and number of shares purchased.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>\n        <strong>Contacts <\/strong><br \/>\n        <br \/>Glancy Prongay &amp; Murray LLP, Los Angeles <br \/>Charles Linehan, 310-201-9150 or 888-773-9224 <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=843uCop49_PLtMARjDMVKlNqo5m14SiR0da6QQHfBXJ21VrrfpZiVXNAKesVz5-8IC3s-wQ9_NkPHYo3N_bUxl_jNsT3xw1_UfV3kCl_uhXwi8uTr7rXSbp5g1GB5f4p\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=70kwe41pYTpamuqXqG0pthvzQaoO3AnmSHZSegbmLvOgeBHlTQoKGk2tOrUGZ-v7oRzkE0bzGX8RUhKxyhonfg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.glancylaw.com<\/a>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NTAwOSM0MDQ5OTU5IzIwMTcyOTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/9ca62533-3ca8-431a-917d-78d5031a99b1\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shareholders with $10,000 losses or more are encouraged to contact the firm LOS ANGELES, March 05, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0April 19, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired EHang Holdings Limited (\u201cEHang\u201d or the \u201cCompany\u201d) (NASDAQ: EH) American Depositary Shares (\u201cADSs\u201d) between December 12, 2019 and February 16, 2021, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your EHang investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/ehang-holdings-limited\/. You can also contact Charles H. Linehan, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ehang-holdings-limited-eh-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against EHang Holdings Limited (EH)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-451881","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against EHang Holdings Limited (EH) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ehang-holdings-limited-eh-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against EHang Holdings Limited (EH) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Shareholders with $10,000 losses or more are encouraged to contact the firm LOS ANGELES, March 05, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0April 19, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired EHang Holdings Limited (\u201cEHang\u201d or the \u201cCompany\u201d) (NASDAQ: EH) American Depositary Shares (\u201cADSs\u201d) between December 12, 2019 and February 16, 2021, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your EHang investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/ehang-holdings-limited\/. You can also contact Charles H. Linehan, &hellip; Continue reading &quot;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against EHang Holdings Limited (EH)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ehang-holdings-limited-eh-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-05T16:33:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NTAwOSM0MDQ5OTU5IzIwMTcyOTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ehang-holdings-limited-eh-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ehang-holdings-limited-eh-3\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Glancy Prongay &amp; 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Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against EHang Holdings Limited (EH) - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ehang-holdings-limited-eh-3\/","og_locale":"en_US","og_type":"article","og_title":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against EHang Holdings Limited (EH) - Market Newsdesk","og_description":"Shareholders with $10,000 losses or more are encouraged to contact the firm LOS ANGELES, March 05, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0April 19, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired EHang Holdings Limited (\u201cEHang\u201d or the \u201cCompany\u201d) (NASDAQ: EH) American Depositary Shares (\u201cADSs\u201d) between December 12, 2019 and February 16, 2021, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your EHang investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/ehang-holdings-limited\/. You can also contact Charles H. Linehan, &hellip; Continue reading \"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against EHang Holdings Limited (EH)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ehang-holdings-limited-eh-3\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-05T16:33:01+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NTAwOSM0MDQ5OTU5IzIwMTcyOTE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ehang-holdings-limited-eh-3\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ehang-holdings-limited-eh-3\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Glancy Prongay &amp; 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