Investor Lawsuit Alleges EHang (EH) Inflated Order Book and Hid Flight Restrictions– Hagens Berman
EHang Holdings Limited (EH) Securities Fraud Class Action:
- EHang Holdings Limited (EH) Securities Fraud Class Action:
“We are determining whether EHang hid flight restrictions that came with its highly touted certification issued by the Civil Aviation Administration of China,” said Reed Kathrein, the Hagens Berman partner leading the investigation. - “We are also investigating whether the company lied to investors about its technology and book orders,” said Kathrein.
- The complaint alleges that EHang has continued to state that it was partnering with United Therapeutics, DHL and Vodafone, among others, even though according to a former EHang employee, United Therapeutics, DHL, and Vodafone have abandoned their respective deals with EHang.
- Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.