{"id":827317,"date":"2025-03-18T23:13:03","date_gmt":"2025-03-19T03:13:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-edelson-lechtzin-llp-announces-investigation-of-hesai-group-nasdaq-hsai-and-urges-investors-with-substantial-losses-to-contact-the-firm\/"},"modified":"2025-03-18T23:13:03","modified_gmt":"2025-03-19T03:13:03","slug":"investigation-alert-edelson-lechtzin-llp-announces-investigation-of-hesai-group-nasdaq-hsai-and-urges-investors-with-substantial-losses-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-edelson-lechtzin-llp-announces-investigation-of-hesai-group-nasdaq-hsai-and-urges-investors-with-substantial-losses-to-contact-the-firm\/","title":{"rendered":"INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation of Hesai Group (NASDAQ: HSAI) and Urges Investors with Substantial Losses to Contact the Firm"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEWTOWN, Pa.<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">March 18, 2025<\/span><\/span> \/PRNewswire\/ &#8212;\u00a0<b>Edelson Lechtzin LLP<\/b>\u00a0is investigating potential violations of the federal securities laws involving\u00a0Hesai Group (NASDAQ: HSAI)\u00a0resulting from allegations of providing potentially misleading business information to the investing public.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2457789\/logo2_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2457789\/logo2_Logo.jpg\" title=\"Edelson Lechtzin LLP (PRNewsfoto\/Edelson Lechtzin LLP)\" alt=\"Edelson Lechtzin LLP (PRNewsfoto\/Edelson Lechtzin LLP)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>If you have information that could assist in the Hesai Group Investigation or if you are a Hesai Group investor who suffered a loss and would like to learn more, you can provide your information <\/b><br \/>\n        <b><br \/>\n          <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4386481-1&amp;h=2578083886&amp;u=https%3A%2F%2Fedelsonlechtzin.cliogrow.com%2Fintake%2F038EKHUraenVUPTAnnoXEQ&amp;a=HERE\" target=\"_blank\" rel=\"nofollow\">HERE<\/a><br \/>\n        <\/b><br \/>\n        <b>.<\/b>\n      <\/p>\n<p>\n        <b>You can also contact attorney <span class=\"xn-person\">Eric Lechtzin<\/span> of Edelson Lechtzin LLP by calling 844-563-5550 ext. 1 or by e-mail at <\/b><br \/>\n        <b><br \/>\n          <a href=\"mailto:elechtzin@edelson-law.com\" target=\"_blank\" rel=\"nofollow\">elechtzin@edelson-law.com<\/a><br \/>\n        <\/b><br \/>\n        <b>. <\/b>\n      <\/p>\n<p>\n        <b>THE COMPANY: <\/b>Hesai Group calls itself global leader in three-dimensional light detection and ranging (lidar) solutions.<\/p>\n<p>\n        <b>THE <span>ALLEGED<\/span> WRONGDOING<\/b><br \/>\n        <i>:<\/i> On <span class=\"xn-chron\">March 18, 2025<\/span>, Blue Orca Capital issued a report announcing that it has a short position in Hesai Group. The rationale for Blue Orca&#8217;s short position is that Hesai is a &#8220;Nasdaq-listed Chinese scam actively lying to investors, the Department of Defense, and a <span class=\"xn-location\">United States<\/span> federal court.&#8221; Blue Orca believes that Hesai is falsely attempting to escape its designation as a &#8220;Chinese military company&#8221; by claiming that it has no involvement with the Chinese military.<\/p>\n<p>Blue Orca claims to have found &#8220;clear smoking-gun photographic and video evidence that Chinese military vehicles are outfitted with Hesai LiDAR systems.&#8221; Moreover, Blue Orca contends that Hesai&#8217;s financial disclosures are false and misleading, stating, &#8220;It claims revenues that, in our opinion, do not appear to be consistent with the purchasing volumes of its largest customer. It claims industry leading margins which defy the laws of financial physics.&#8221;<\/p>\n<p>While Hesai claims that its business has finally turned the corner to sustained profitability, it has failed to disclose to investors that it lost its largest customer and has laid off up to 30% of its employees. In sum, Blue Orca&#8217;s opinion is that Hesai is &#8220;completely untrustworthy as a business and uninvestable as a stock.&#8221;<\/p>\n<p>Hesai Group stock declined 10% on this news.<\/p>\n<p>\n        <b>ABOUT EDELSON LECHTZIN LLP: <\/b>Edelson Lechtzin LLP is a national class action law firm with offices in <span class=\"xn-location\">Pennsylvania<\/span> and <span class=\"xn-location\">California<\/span>. In addition to cases involving securities and investment <span>fraud<\/span>, our lawyers focus on class and collective litigation in cases alleging violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer <span>fraud<\/span>, and catastrophic injuries.<\/p>\n<p>\n        <u>For more information, please contact:<\/u>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Eric Lechtzin, Esq.<\/span><br \/>\n        <br \/>EDELSON LECHTZIN LLP<br \/>411 S. State Street, Suite N-300<br \/><span class=\"xn-location\">Newtown, PA<\/span> 18940<br \/>Phone: 844-696-7492 ext. 1<br \/>Email: <a href=\"mailto:elechtzin@edelson-law.com\" target=\"_blank\" rel=\"nofollow\">elechtzin@edelson-law.com<\/a><br \/>Web:\u00a0 <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4386481-1&amp;h=2032460763&amp;u=http%3A%2F%2Fwww.edelson-law.com%2F&amp;a=www.edelson-law.com\" target=\"_blank\" rel=\"nofollow\">www.edelson-law.com<\/a>\u00a0<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so counsel does not represent you unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing now. Your ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.<\/p>\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=PH44659&amp;sd=2025-03-18\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/investigation-alert-edelson-lechtzin-llp-announces-investigation-of-hesai-group-nasdaq-hsai-and-urges-investors-with-substantial-losses-to-contact-the-firm-302405296.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/investigation-alert-edelson-lechtzin-llp-announces-investigation-of-hesai-group-nasdaq-hsai-and-urges-investors-with-substantial-losses-to-contact-the-firm-302405296.html<\/a><\/p>\n<p>SOURCE  Edelson Lechtzin LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH44659&amp;Transmission_Id=202503182309PR_NEWS_USPR_____PH44659&amp;DateId=20250318\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEWTOWN, Pa. , March 18, 2025 \/PRNewswire\/ &#8212;\u00a0Edelson Lechtzin LLP\u00a0is investigating potential violations of the federal securities laws involving\u00a0Hesai Group (NASDAQ: HSAI)\u00a0resulting from allegations of providing potentially misleading business information to the investing public. If you have information that could assist in the Hesai Group Investigation or if you are a Hesai Group investor who suffered a loss and would like to learn more, you can provide your information HERE . You can also contact attorney Eric Lechtzin of Edelson Lechtzin LLP by calling 844-563-5550 ext. 1 or by e-mail at elechtzin@edelson-law.com . THE COMPANY: Hesai Group calls itself global leader in three-dimensional light detection and ranging (lidar) solutions. THE ALLEGED WRONGDOING : On March 18, 2025, Blue &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-edelson-lechtzin-llp-announces-investigation-of-hesai-group-nasdaq-hsai-and-urges-investors-with-substantial-losses-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation of Hesai Group (NASDAQ: HSAI) and Urges Investors with Substantial Losses to Contact the Firm&#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-827317","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation of Hesai Group (NASDAQ: HSAI) and Urges Investors with Substantial Losses to Contact the Firm - 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\/investigation-alert-edelson-lechtzin-llp-announces-investigation-of-hesai-group-nasdaq-hsai-and-urges-investors-with-substantial-losses-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation of Hesai Group (NASDAQ: HSAI) and Urges Investors with Substantial Losses to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEWTOWN, Pa. , March 18, 2025 \/PRNewswire\/ &#8212;\u00a0Edelson Lechtzin LLP\u00a0is investigating potential violations of the federal securities laws involving\u00a0Hesai Group (NASDAQ: HSAI)\u00a0resulting from allegations of providing potentially misleading business information to the investing public. If you have information that could assist in the Hesai Group Investigation or if you are a Hesai Group investor who suffered a loss and would like to learn more, you can provide your information HERE . You can also contact attorney Eric Lechtzin of Edelson Lechtzin LLP by calling 844-563-5550 ext. 1 or by e-mail at elechtzin@edelson-law.com . THE COMPANY: Hesai Group calls itself global leader in three-dimensional light detection and ranging (lidar) solutions. THE ALLEGED WRONGDOING : On March 18, 2025, Blue &hellip; Continue reading &quot;INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation of Hesai Group (NASDAQ: HSAI) and Urges Investors with Substantial Losses to Contact the Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-edelson-lechtzin-llp-announces-investigation-of-hesai-group-nasdaq-hsai-and-urges-investors-with-substantial-losses-to-contact-the-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-19T03:13:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2457789\/logo2_Logo.jpg\" \/>\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=\"2 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\\\/investigation-alert-edelson-lechtzin-llp-announces-investigation-of-hesai-group-nasdaq-hsai-and-urges-investors-with-substantial-losses-to-contact-the-firm\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-edelson-lechtzin-llp-announces-investigation-of-hesai-group-nasdaq-hsai-and-urges-investors-with-substantial-losses-to-contact-the-firm\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation of Hesai Group (NASDAQ: HSAI) and Urges Investors with Substantial Losses to Contact the Firm\",\"datePublished\":\"2025-03-19T03:13:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-edelson-lechtzin-llp-announces-investigation-of-hesai-group-nasdaq-hsai-and-urges-investors-with-substantial-losses-to-contact-the-firm\\\/\"},\"wordCount\":515,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-edelson-lechtzin-llp-announces-investigation-of-hesai-group-nasdaq-hsai-and-urges-investors-with-substantial-losses-to-contact-the-firm\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2457789\\\/logo2_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-edelson-lechtzin-llp-announces-investigation-of-hesai-group-nasdaq-hsai-and-urges-investors-with-substantial-losses-to-contact-the-firm\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-edelson-lechtzin-llp-announces-investigation-of-hesai-group-nasdaq-hsai-and-urges-investors-with-substantial-losses-to-contact-the-firm\\\/\",\"name\":\"INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation of Hesai Group (NASDAQ: HSAI) and Urges Investors with Substantial Losses to Contact the Firm - 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If you have information that could assist in the Hesai Group Investigation or if you are a Hesai Group investor who suffered a loss and would like to learn more, you can provide your information HERE . You can also contact attorney Eric Lechtzin of Edelson Lechtzin LLP by calling 844-563-5550 ext. 1 or by e-mail at elechtzin@edelson-law.com . THE COMPANY: Hesai Group calls itself global leader in three-dimensional light detection and ranging (lidar) solutions. 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