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Pacella v. Hesai Group et al
Case Number:
1:23-cv-02634
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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June 07, 2023
2 Firms Seek To Lead Investor Suit Over Auto Parts Co.'s IPO
Pomerantz LLP and The Rosen Law Firm PA submitted separate bids to lead a proposed class of shareholders in a suit against autonomous-vehicle sensor maker Hesai Group alleging that the Chinese company misled investors regarding the extent to which its gross margins were declining leading up to its February initial public offering.
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April 10, 2023
Investors Allege Hesai Group Lied About Margins Before IPO
Shareholders hit Chinese autonomous-vehicle sensor maker Hesai Group with a class action Friday, alleging the company misled investors regarding the extent to which Hesai's gross margins were declining leading up to its February initial public offering.