NEW
YORK, June 2, 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=40162&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