Case Summary

EHang Holdings

NASDAQ: EH

Case Details

  • Pujo v. EHang Holdings Limited et al.
  • Class Period:January 20, 2022 - November 06, 2023
  • Date Filed:December 04, 2023
  • Jurisdiction:U.S. District Court, Central District of California
  • Docket Number: 2:23-cv-10165
  • Lead Plaintiff Deadline: February 2, 2024
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Overview

A class action lawsuit has been filed against EHang Holdings Limited, (“EHang”, “EH”, or the “Company”) (NASDAQ: LPSN) and certain of the Company’s top executive officers alleging that they violated the federal securities laws.  The lawsuit seeks to represent all persons and entities who purchased or otherwise acquired publicly traded EHang Holdings securities between January 20, 2022, and November 6, 2023, inclusive (the “Class Period”).

EHang Holdings describes itself as an “autonomous aerial vehicle technology company.

The lawsuit alleges that defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) EHang has continued to state that it is partnering with United Therapeutics, DHL and Vodafone, among others, even though a former EHang employee has noted that United Therapeutics, DHL, and Vodafone have abandoned their respective deals with EHang; (2) EHang omitted that other entities that had placed pre-orders for its aircraft, such as Prestige Aviation and Shenzhen Boling Holding Group, did not engage in regular business in the aviation sector and are otherwise almost certainly not in a financial position to be able to afford their orders; and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

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If you purchased or otherwise acquired publicly traded EHang Holdings securities between January 20, 2022, and November 6, 2023, inclusive, and suffered substantial losses, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the EHang Holdings lawsuit is February 02, 2024.

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