{"id":746417,"date":"2023-04-10T18:19:02","date_gmt":"2023-04-10T22:19:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-deadline-hesai-group-investors-with-substantial-losses-have-opportunity-to-lead-the-hesai-class-action-lawsuit-hsai\/"},"modified":"2023-04-10T18:19:02","modified_gmt":"2023-04-10T22:19:02","slug":"investor-deadline-hesai-group-investors-with-substantial-losses-have-opportunity-to-lead-the-hesai-class-action-lawsuit-hsai","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-deadline-hesai-group-investors-with-substantial-losses-have-opportunity-to-lead-the-hesai-class-action-lawsuit-hsai\/","title":{"rendered":"INVESTOR DEADLINE: Hesai Group Investors with Substantial Losses Have Opportunity to Lead the Hesai Class Action Lawsuit \u2013 HSAI"},"content":{"rendered":"

<\/p>\n

INVESTOR DEADLINE: Hesai Group Investors with Substantial Losses Have Opportunity to Lead the Hesai Class Action Lawsuit \u2013 HSAI<\/b><\/p>\n

SAN DIEGO–(BUSINESS WIRE<\/a>)–Robbins Geller Rudman & Dowd LLP<\/b><\/a>announces that purchasers or acquirers of Hesai Group (NASDAQ: HSAI) securities pursuant and\/or traceable to the registration statement and related prospectus issued in connection with Hesai\u2019s initial public offering conducted on or about February 9, 2023 (the \u201cIPO\u201d) that suffered compensable damages have until June 6, 2023 to seek appointment as lead plaintiff of the Hesai<\/i> class action lawsuit. Captioned Pacella v. Hesai Group<\/i>, No. 23-cv-02634 (E.D.N.Y.), the Hesai <\/i>class action lawsuit charges Hesai,its duly authorized representative in the United States, certain of its top executives, directors, and IPO underwriters with violations of the Securities Act of 1933.<\/p>\n

If you suffered substantial losses and wish to serve as lead plaintiff of the Hesai <\/i>class action lawsuit, please provide your information here:<\/b><\/p>\n

https:\/\/www.rgrdlaw.com\/cases-hesai-group-class-action-lawsuit-hsai.html<\/b><\/a><\/p>\n

You can also contact attorney <\/b>J.C. Sanchez<\/b><\/a>of Robbins Geller by calling 800\/449-4900 or via e-mail at <\/b>jsanchez@rgrdlaw.com<\/b><\/a>.<\/b><\/p>\n

CASE ALLEGATIONS<\/b>: Hesai purports to produce light detection and ranging (\u201cLiDAR\u201d) products designed to enable a broad spectrum of applications in the autonomous transportation industry.<\/p>\n

\nThe Hesai <\/i>class action lawsuit alleges that the IPO\u2019s offering documents were false and\/or misleading and\/or failed to disclose that: (i) Hesai\u2019s gross margin decrease was caused by a lower in-house utilization rate; and (ii) Hesai\u2019s gross margin was 30% for the fourth quarter \u2013 which was completed over a month before the date of its amended registration statement.<\/p>\n

\nSince the IPO, and as a result of the disclosure of material adverse facts omitted from Hesai\u2019s offering documents, the price of Hesai American Depositary Shares has fallen substantially below their $19.00 per share IPO price.<\/p>\n

THE LEAD PLAINTIFF PROCESS<\/b>: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Hesai securities pursuant and\/or traceable to the offering documents issued in connection with Hesai\u2019s IPO that suffered compensable damages to seek appointment as lead plaintiff in the Hesai<\/i> class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Hesai<\/i> class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Hesai<\/i> class action lawsuit. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Hesai <\/i>class action lawsuit.<\/p>\n

ABOUT ROBBINS GELLER<\/b>: Robbins Geller is one of the world\u2019s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report for recovering more than $1.75 billion for investors in 2022 \u2013 the third year in a row Robbins Geller tops the list. And in those three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than double the amount recovered by any other plaintiffs\u2019 firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs\u2019 firms in the world and the Firm\u2019s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever \u2013 $7.2 billion \u2013 in In re Enron Corp. Sec. Litig.<\/i><\/p>\n

\nPlease visit the following page for more information:<\/p>\n

https:\/\/www.rgrdlaw.com\/services-litigation-securities-fraud.html<\/b><\/a><\/p>\n

\nAttorney advertising.
\n
Past results do not guarantee future outcomes.
\n
Services may be performed by attorneys in any of our offices.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230410005421\/en\/<\/a><\/span><\/p>\n

\nRobbins Geller Rudman & Dowd LLP
\n
655 W. Broadway, Suite 1900, San Diego, CA 92101
\n
J.C. Sanchez, 800-449-4900
\n
jsanchez@rgrdlaw.com<\/a><\/p>\n

KEYWORDS:<\/b> California New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Class Action Lawsuit Professional Services Legal<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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INVESTOR DEADLINE: Hesai Group Investors with Substantial Losses Have Opportunity to Lead the Hesai Class Action Lawsuit \u2013 HSAI SAN DIEGO–(BUSINESS WIRE)–Robbins Geller Rudman & Dowd LLPannounces that purchasers or acquirers of Hesai Group (NASDAQ: HSAI) securities pursuant and\/or traceable to the registration statement and related prospectus issued in connection with Hesai\u2019s initial public offering conducted on or about February 9, 2023 (the \u201cIPO\u201d) that suffered compensable damages have until June 6, 2023 to seek appointment as lead plaintiff of the Hesai class action lawsuit. Captioned Pacella v. Hesai Group, No. 23-cv-02634 (E.D.N.Y.), the Hesai class action lawsuit charges Hesai,its duly authorized representative in the United States, certain of its top executives, directors, and IPO underwriters with violations of the … <\/p>\n

Continue reading “INVESTOR DEADLINE: Hesai Group Investors with Substantial Losses Have Opportunity to Lead the Hesai Class Action Lawsuit \u2013 HSAI”<\/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-746417","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nINVESTOR DEADLINE: Hesai Group Investors with Substantial Losses Have Opportunity to Lead the Hesai Class Action Lawsuit \u2013 HSAI - 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\/investor-deadline-hesai-group-investors-with-substantial-losses-have-opportunity-to-lead-the-hesai-class-action-lawsuit-hsai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR DEADLINE: Hesai Group Investors with Substantial Losses Have Opportunity to Lead the Hesai Class Action Lawsuit \u2013 HSAI - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"INVESTOR DEADLINE: Hesai Group Investors with Substantial Losses Have Opportunity to Lead the Hesai Class Action Lawsuit \u2013 HSAI SAN DIEGO–(BUSINESS WIRE)–Robbins Geller Rudman & Dowd LLPannounces that purchasers or acquirers of Hesai Group (NASDAQ: HSAI) securities pursuant and\/or traceable to the registration statement and related prospectus issued in connection with Hesai\u2019s initial public offering conducted on or about February 9, 2023 (the \u201cIPO\u201d) that suffered compensable damages have until June 6, 2023 to seek appointment as lead plaintiff of the Hesai class action lawsuit. 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Captioned Pacella v. 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