NEW
YORK, May 17, 2023 /PRNewswire/ -- The
Gross Law Firm issues the following notice to shareholders of
Hesai Group.
Shareholders who purchased shares of HSAI during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/hesai-group-loss-submission-form/?id=39476&from=4
CLASS PERIOD: 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.
ALLEGATIONS: The complaint alleges that during the class
period, Defendants 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.
DEADLINE: June 6, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/hesai-group-loss-submission-form/?id=39476&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of HSAI during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is June 6, 2023. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original
content:https://www.prnewswire.com/news-releases/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-hesai-group-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-june-6-2023--nasdaq-hsai-301826789.html
SOURCE The Gross Law Firm