NEW YORK,
May 12,
2023 /PRNewswire/ -- Jakubowitz Law announces that a
securities fraud class action lawsuit has commenced on behalf of
shareholders of Hesai Group (NASDAQ: HSAI).
To receive updates on the lawsuit, fill out
the
form:
https://claimyourloss.com/securities/hesai-class-action-loss-submission-form/?id=39274&from=4
This lawsuit is on behalf of investors who
purchased Hesai Group securities pursuant and/or traceable to the
registration statement and related prospectus issued in connection
with Hesai's February 2023 initial
public offering.
Shareholders interested in acting as a lead
plaintiff representing the class of wronged shareholders have until
June 6, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Hesai Group
issued materially false and/or misleading statements and/or failed
to disclose that: (1) Hesai Group's gross margin decrease was
caused by a lower in-house utilization rate; (2) Hesai Group's
gross margin was 30% for the fourth quarter—which was completed
over a month before the date of the amended registration statement;
and (3); as a result, defendants' public statements were materially
false and misleading at all relevant times and negligently
prepared.
Jakubowitz Law is vigorous in pursuit of justice
for shareholders who have been the victim of securities fraud.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law