EH Stock: Berger Montague Investigates Alleged Securities Fraud Claims Against EHang Holdings Limited (EH); Lead Plaintiff Deadline is April 19, 2021

Philadelphia, Pennsylvania--(Newsfile Corp. - April 7, 2021) - Berger Montague is investigating potential securities fraud claims against EHang Holdings Limited ("EHang" or the "Company") on behalf of investors who purchased EHang securities (NASDAQ: EH) between December 9, 2019 and February 16, 2021 (the "Class Period").

If you purchased EHang securities during the Class Period, have questions concerning your rights or interests, or would like to discuss Berger Montague's investigation, please contact attorneys Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Donnell Much at dmuch@bm.net or (215) 875-4667, or contact us at www.bergermontague.com/ehang.

According to recently filed lawsuits, throughout the Class Period, the Company and its senior management misrepresented and concealed that: (i) EHang's purported regulatory approvals in Europe and North American for its EH216 autonomous aerial vehicle were for use as a drone, and not for carrying passengers; (ii) the Company's relationship with its primary customer, Kunxiang, was a sham; (iii) EHang has only collected on a fraction of its reported sales since its ADS began being publicly traded; and (iv) the Company's manufacturing facilities were practically empty and lacked evidence of any significant manufacturing.

Investors allegedly learned the truth on February 16, 2021, when analyst Wolfpack Research published a scathing report contending that the Company had entered into sham transactions, exaggerated revenues by reporting sales for which it cannot collect, and misrepresented its regulatory approvals, misleadingly suggesting the Company has commercial approval for its products.

On this news, the price of EHang's shares dropped $77.79 per share, or 62.7%, in a single trading day, falling from a closing price of $124.09 per share on February 12, 2021 to $46.30 on February 16.

If you purchased EHang securities during the Class Period, you may seek Court appointment as lead plaintiff to represent other injured investors in a class action. The lead plaintiff appointment deadline is April 19, 2021. You do not need to be a lead plaintiff to share in any potential Class recovery.

Whistleblowers: Persons with non-public information regarding EHang are encouraged to confidentially assist Berger Montague's investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.

Berger Montague, with offices in Philadelphia, Minneapolis, Washington, D.C., and San Diego, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

Contacts

Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bm.net

Donnell Much, Associate
Berger Montague
(215) 875-4667
dmuch@bm.net

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79704