{"id":470993,"date":"2021-04-05T13:33:31","date_gmt":"2021-04-05T17:33:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470993"},"modified":"2021-04-05T13:33:31","modified_gmt":"2021-04-05T17:33:31","slug":"glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ehang-holdings-limited-eh-6","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-6\/","title":{"rendered":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against EHang Holdings Limited (EH)"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Shareholders with $10,000 losses or more are encouraged to contact the firm<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">LOS ANGELES<\/span>, <span class=\"xn-chron\">April 5, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3118047-1&amp;h=3147944989&amp;u=https%3A%2F%2Fwww.glancylaw.com%2F&amp;a=Glancy+Prongay+%26+Murray+LLP\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Glancy Prongay<\/span> &amp; Murray LLP<\/a> (&#8220;GPM&#8221;) reminds investors of the upcoming\u00a0<b><span class=\"xn-chron\">April 19<\/span>, 2021\u00a0<\/b>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired EHang Holdings Limited (&#8220;EHang&#8221; or the &#8220;Company&#8221;) (NASDAQ: EH) American Depositary Shares (&#8220;ADSs&#8221;) between <b><span class=\"xn-chron\">December 12, 2019<\/span> and <span class=\"xn-chron\">February 16, 2021<\/span><\/b>, inclusive (the &#8220;Class Period&#8221;).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1219482\/Glancy_Prongay_and_Murray_LLP.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1219482\/Glancy_Prongay_and_Murray_LLP.jpg\" title=\"(PRNewsfoto\/Glancy Prongay &amp; Murray LLP)\" alt=\"(PRNewsfoto\/Glancy Prongay &amp; Murray LLP)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\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 target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3118047-1&amp;h=3247368362&amp;u=https%3A%2F%2Fwww.glancylaw.com%2Fcases%2Fehang-holdings-limited%2F&amp;a=https%3A%2F%2Fwww.glancylaw.com%2Fcases%2Fehang-holdings-limited%2F\" rel=\"nofollow noopener noreferrer\">https:\/\/www.glancylaw.com\/cases\/ehang-holdings-limited\/<\/a>. You can also contact <span class=\"xn-person\">Charles H. Linehan<\/span>, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at <a target=\"_blank\" href=\"mailto:shareholders@glancylaw.com\" rel=\"nofollow noopener noreferrer\">shareholders@glancylaw.com<\/a> to learn more about your rights.<\/p>\n<p>On <span class=\"xn-chron\">February 16, 2021<\/span>, analyst Wolfpack Research published a research report entitled &#8220;EHang: A Stock Promotion Destined to Crash and Burn.&#8221;Citing &#8220;extensive evidence&#8221; including &#8220;behind-the-scenes photographs, recorded phone calls, and videos of on-site visits to EH&#8217;s various facilities,&#8221; the report alleged that EHang is &#8220;an 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.&#8221; Wolfpack Research also noted that &#8220;in just 14 months as a publicly traded company, EH&#8217;s PR team has put out 50 press releases . . . . However, EH&#8217;s constant stream of press releases are easily proven untrue.&#8221; Finally, the report alleged that Wolfpack Research &#8220;obtained Chinese court records which show that EH&#8217;s ADRs may already be in serious jeopardy due to legal issues in <span class=\"xn-location\">China<\/span>.&#8221; <\/p>\n<p>On this news, the Company&#8217;s share price fell <span class=\"xn-money\">$77.79<\/span>, or approximately 62.7%, to close at <span class=\"xn-money\">$46.30<\/span> 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&#8217;s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company&#8217;s purported regulatory approvals in <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">North America<\/span> 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 <span class=\"xn-chron\">December 2019<\/span>; (4) the Company&#8217;s manufacturing facilities were practically empty and lacked evidence of advanced manufacturing equipment or employees; and (5) as a result, Defendants&#8217; 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 target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3118047-1&amp;h=2318007594&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fglancy-prongay-murray-llp&amp;a=LinkedIn\" rel=\"nofollow noopener noreferrer\">LinkedIn<\/a>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3118047-1&amp;h=3790916735&amp;u=https%3A%2F%2Ftwitter.com%2FGPM_llp&amp;a=Twitter\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>, or <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3118047-1&amp;h=53346326&amp;u=https%3A%2F%2Fwww.facebook.com%2FGlancyLawFirm%2F&amp;a=Facebook\" rel=\"nofollow noopener noreferrer\">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<b><span class=\"xn-chron\">April 19, 2021<\/span><\/b>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 <span class=\"xn-person\">Charles Linehan, Esquire<\/span>, of GPM, 1925 Century Park East, Suite 2100, <span class=\"xn-location\">Los Angeles, California<\/span> 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to <a target=\"_blank\" href=\"mailto:shareholders@glancylaw.com\" rel=\"nofollow noopener noreferrer\">shareholders@glancylaw.com<\/a>, or visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3118047-1&amp;h=2037531421&amp;u=http%3A%2F%2Fwww.glancylaw.com%2F&amp;a=www.glancylaw.com\" rel=\"nofollow noopener noreferrer\">www.glancylaw.com<\/a>.\u00a0If 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<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA31376&amp;sd=2021-04-05\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/glancy-prongay--murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ehang-holdings-limited-eh-301261877.html\">http:\/\/www.prnewswire.com\/news-releases\/glancy-prongay&#8211;murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-ehang-holdings-limited-eh-301261877.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Glancy Prongay<\/span> &amp; Murray LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA31376&amp;Transmission_Id=202104051330PR_NEWS_USPR_____LA31376&amp;DateId=20210405\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shareholders with $10,000 losses or more are encouraged to contact the firm PR Newswire LOS ANGELES, April 5, 2021 \/PRNewswire\/ &#8212;\u00a0Glancy Prongay &amp; Murray LLP (&#8220;GPM&#8221;) 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 (&#8220;EHang&#8221; or the &#8220;Company&#8221;) (NASDAQ: EH) American Depositary Shares (&#8220;ADSs&#8221;) between December 12, 2019 and February 16, 2021, inclusive (the &#8220;Class Period&#8221;). 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-6\/\" 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-470993","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-6\/\" \/>\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 PR Newswire LOS ANGELES, April 5, 2021 \/PRNewswire\/ &#8212;\u00a0Glancy Prongay &amp; Murray LLP (&#8220;GPM&#8221;) 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 (&#8220;EHang&#8221; or the &#8220;Company&#8221;) (NASDAQ: EH) American Depositary Shares (&#8220;ADSs&#8221;) between December 12, 2019 and February 16, 2021, inclusive (the &#8220;Class Period&#8221;). 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. 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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-6\/","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 PR Newswire LOS ANGELES, April 5, 2021 \/PRNewswire\/ &#8212;\u00a0Glancy Prongay &amp; Murray LLP (&#8220;GPM&#8221;) 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 (&#8220;EHang&#8221; or the &#8220;Company&#8221;) (NASDAQ: EH) American Depositary Shares (&#8220;ADSs&#8221;) between December 12, 2019 and February 16, 2021, inclusive (the &#8220;Class Period&#8221;). 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-6\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-05T17:33:31+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1219482\/Glancy_Prongay_and_Murray_LLP.jpg","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-6\/#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-6\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Glancy Prongay &amp; 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