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HSAI.US
id: 635, Created by Stan Vick Chase, Scout
Join Hesai Group (HSAI) Misleading Offering Case to Fight Losses
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
- Hesai Group (HSAI) reported its unaudited financial results and disclosed that it had suffered a decrease in gross margin.
- $HSAI fell to less than $12.00 per ADR, 37% below the IPO price.
- Investors suspect $HSAI & its IPO Service Providers of misleading statements and failure to disclose important information.
On March 16, 2023, Hesai Group (HSAI) reported its unaudited financial results and disclosed that it had suffered a decrease in gross margin compared to the Q4 2021 due to “increased shipments of lower-margin [advanced driver assistance systems] LiDAR products . . . with lower in-house plant capacity utilization rate.”
On this news, the $HSAI price fell to less than $12.00 per ADR, 37% below the IPO price.
One month earlier, on February 9, 2023, Hesai Group conducted an IPO, selling ADRs at $19.00, for over $192 million in gross offering proceeds.
Taking all representations and appeared facts into account, Investors have reasons to suspect Hesai, its Leaders, and its IPO Service Providers of misleading statements and failure to disclose important information about business prospects.
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management,
Investment Bank,
Service Provider
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Shock Event Date
16 March 2023
Class period Start
08 February 2023
Class period End
07 April 2023
Lead Plaintiff Deadline
06 June 2023
Court
Eastern District of New York