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EH.US

id: 903

EHang ($EH) Investor Settlement

Late claims are being considered for compensation, subject to approval.

$1,985,000

Cash Settlement

C.D. California

Court

2:23-cv-10165

Case number

03/29/2022

Class period Start

11/06/2023

Class period End

12/19/2025

Claim deadline

EHang has reached a tentative settlement with $EH investors over claims that it misled the market by inflating pre-orders and promoting fake long-term deals.

Outline:

EHang reported a large backlog of pre-orders for its autonomous aerial vehicles. Investors later alleged the company overstated those orders and did not accurately disclose the status of certain partnerships. A research report in 2023 questioned the transactions and the stock declined. Investors filed suit and EHang later agreed to a settlement.

Timeline:
March 29, 2022: EHang reported more than 1,000 unfulfilled pre-orders and referenced agreements with United Therapeutics and Prestige Aviation.
April 11, 2022: The company announced a pre-order of 100 EH216 units from Prestige Aviation.
Throughout 2022–2023: EHang continued referencing these transactions in investor communications and earnings updates.
November 7, 2023: A research report questioned the status of the transactions and $EH declined about 12.7%.
October 14, 2024: Investors filed an amended securities class action complaint.
June 2025: EHang reached a tentative settlement to resolve the claims.
Background:

EHang is a China-based company developing autonomous aerial vehicles designed for passenger transportation and other commercial uses. The company promoted its technology as part of the emerging urban air mobility market.

During 2022 and 2023, EHang highlighted a backlog of pre-orders and referenced agreements with companies including United Therapeutics and Prestige Aviation. These transactions were presented as evidence of strong demand for its aircraft.

In November 2023, a research report questioned the status and scale of some of these transactions. The report suggested certain agreements had been canceled or involved fewer aircraft than previously indicated.

Following the report and related disclosures, EHang’s share price declined. Investors later filed a securities class action alleging that the company’s statements about its sales pipeline and partnerships were misleading.

What Can Investors Expect Now?

EHang agreed to a settlement with $EH investors to resolve claims that it misled them about pre-orders and commercial partnerships related to its autonomous aerial vehicles.

If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.

Case Type

US Securities Class Action

Case Status

Accepting Late Claims

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Fraud,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management,

Service Provider

Security Type

Depository Securities (ADS, ADR, GDR)

Trade Direction

Long

Payout per Share

0.13

Filing date

12/04/2023

Lead Plaintiff Deadline

02/02/2024

Plaintiffs

Damien Pujo

Attorneys

The Rosen Law Firm, P.A. (Los Angeles, CA)

Defendants

Conor Chia-Hung Yang, Huazhi Hu, Richard Jian Liu

Administrator

Strategic Claims Services

Exclusion deadline

12/19/2025

Objection deadline

12/19/2025

Attorney fee

$536,250

Trades matching type

FIFO

Frequently Asked Questions

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