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The company's defense against allegations by a short-seller are failing to give the stock a boost on Monday.

Message : Required fields Glancy Prongay & Murray LLP (“GPM”), announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York captioned Chaumont v. EHang Holdings Limited, et al., (Case No. 1:21-cv-01526 ) on behalf of persons and entities that purchased or otherwise acquired EHang Holdings Limited (“EHang” or the “Company”) (NASDAQ: EH) American Depositary Shares (“ADSs”) between December 12, 2019 and February 16, 2021, inclusive (the “Class Period”). Plaintiff pursues claims under Sections 10(b) and 20(a) of...

Feb 20, 2021 When EHang Holdings Ltd. first sold shares to the U.S. public in December 2019, investors weren’t exactly sold on the rare chance to bet on the future of flying cars. The Chinese company makes “electric vertical take-off and landing” (eVTOL) aircraft, which function a bit like a helicopter but are powered by batteries and have multiple rotors. Its passenger drones are pilotless, too, unlike those of most of its rivals. EHang’s listing — a traditional initial public offering underwritten by Morgan Stanley and Credit Suisse — raised just $41 million and valued ...

This week’s highlights include ByteDance-owned Douyin’s plan to raise funds in the US, Baidu’s focus on smart cars and fraud claims against flying taxi maker EHang.