EHang Holdings Limited : American Depositary Shares Securities Litigation

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Lawsuit Overview

Defendant:EHang Holdings Limited ADS
Date Filed:February 17th, 2021
Sector:Capital Goods
Class Start Date:December 12th, 2019
Class End Date:February 16th, 2021

According to the Complaint, EHang Holdings Limited purports to be an autonomous aerial vehicle technology platform company engaged in "pioneering" the future of transportation through the Company's purportedly proprietarily developed AAVs and related commercial solutions.

The Complaint alleges that during the Class Period, Defendants misled investors by misrepresenting and/or failing to disclose that: (i) the Company's purported regulatory approvals in Europe and North American for its EH216 were for use as a drone, and not for carrying passengers; (ii) its relationship with its purported primary customer is a sham; (iii) EHang has only collected on a fraction of its reported sales since its ADS began trading on NASDAQ in December 2019; (iv) the Company's manufacturing facilities were practically empty and lacked evidence of advanced manufacturing equipment or employees; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

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First Identified Complaint

Eyobe Amberber, et al. v. EHang Holdings Limited, et al.

Date Filed:February 17th, 2021
Class Period Start:December 12th, 2019
Class Period End:February 16th, 2021
First Identified Complaint Filings
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