{"id":98858,"date":"2023-04-22T03:21:21","date_gmt":"2023-04-22T03:21:21","guid":{"rendered":"http:\/\/lebanonnewsgazette.com\/?guid=ea1947791677a804dc8104c217c6eb63"},"modified":"2023-04-22T03:21:21","modified_gmt":"2023-04-22T03:21:21","slug":"globally-recognized-rosen-law-firm-encourages-hesai-group-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-filed-by-the-firm-hsai","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/globally-recognized-rosen-law-firm-encourages-hesai-group-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-filed-by-the-firm-hsai\/","title":{"rendered":"GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Hesai Group Investors to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm \u2013 HSAI"},"content":{"rendered":"
\n

NEW YORK, April 21, 2023 (GLOBE NEWSWIRE) — WHY: <\/strong>Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Hesai Group (NASDAQ: HSAI) pursuant and\/or traceable to Company\u2019s initial public offering conduced in February 2023 (the \u201cIPO\u201d), of the important June 6, 2023 lead plaintiff deadline<\/strong> in the securities class action commenced by the Firm.<\/p>\n

SO WHAT:<\/strong> If you purchased Hesai securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.<\/p>\n

WHAT TO DO NEXT: <\/strong>To join the Hesai class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=13347<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 6, 2023<\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.<\/p>\n

WHY ROSEN LAW: <\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. <\/strong>Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

DETAILS OF THE CASE: <\/strong>According to the lawsuit, the IPO Registration Statement contained false and\/or misleading statements and\/or failed to disclose that: (1) Hesai Group\u2019s gross margin decrease was caused by a lower in-house utilization rate; (2) Hesai Group\u2019s gross margin was 30% for the fourth quarter\u2014which was completed over a month before the date of the amended registration statement; and (3) as a result, defendants\u2019 public statements were materially false and misleading at all relevant times and negligently prepared. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

To join the Hesai class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=13347<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a> <\/p>\n

GlobeNewswire Distribution ID 8813078<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, April 21, 2023 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Hesai Group (NASDAQ: HSAI) pursuant and\/or traceable to Company\u2019s initial public offering conduced in February 2023 (the \u201cIPO\u201d), of the important June 6, 2023 lead plaintiff deadline in the securities class [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2584,17,53,343],"tags":[],"yoast_head":"\nGLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Hesai Group Investors to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm \u2013 HSAI - Lebanon News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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