{"id":81797,"date":"2023-03-28T05:20:55","date_gmt":"2023-03-28T05:20:55","guid":{"rendered":"http:\/\/jordannewsgazette.com\/?guid=ee15374b5d7a9b884a4bbdec0dc1f069"},"modified":"2023-03-28T05:20:55","modified_gmt":"2023-03-28T05:20:55","slug":"rosen-a-highly-recognized-law-firm-encourages-hesai-group-investors-to-inquire-about-securities-class-action-investigation-hsai","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/rosen-a-highly-recognized-law-firm-encourages-hesai-group-investors-to-inquire-about-securities-class-action-investigation-hsai\/","title":{"rendered":"ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Hesai Group Investors to Inquire About Securities Class Action Investigation \u2013 HSAI"},"content":{"rendered":"
\n

NEW YORK, March 27, 2023 (GLOBE NEWSWIRE) — WHY: <\/strong>Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Hesai Group (NASDAQ: HSAI) resulting from allegations that Hesai may have issued materially misleading business information to the investing public.<\/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. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

WHAT TO DO NEXT: <\/strong>To join the prospective 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

WHAT IS THIS ABOUT:<\/strong> On March 16, 2023, Hesai announced in a press release its unaudited financial results for the three months and full year ended December 31, 2022. The Company failed to disclose in the Restatement that in their fourth quarter ended December 31, 2022 (\u201c4Q2022\u201d), the last completed quarter before the Company\u2019s initial public offering (\u201cIPO\u201d), there was \u201clower in-house plant capacity utilization rate\u201d, which caused the increased shipments of lower-margin advanced driver assistance systems (\u201cADAS\u201d) and light detection and ranging (\u201cLiDAR\u201d) products. Loss from operations widened by 84.9% in 4Q2022 compared to their fourth quarter ended in December 31, 2021.<\/p>\n

On this news, Hesai\u2019s share price fell $1.55, or 10%, to close at $13.69 per share on March 16, 2023.<\/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. 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

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

——————————–<\/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 8796370<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, March 27, 2023 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Hesai Group (NASDAQ: HSAI) resulting from allegations that Hesai may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Hesai [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,52,415],"tags":[],"yoast_head":"\nROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Hesai Group Investors to Inquire About Securities Class Action Investigation \u2013 HSAI - Jordan 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\" href=\"https:\/\/jordannewsgazette.com\/rosen-a-highly-recognized-law-firm-encourages-hesai-group-investors-to-inquire-about-securities-class-action-investigation-hsai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Hesai Group Investors to Inquire About Securities Class Action Investigation \u2013 HSAI - Jordan News Gazette\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, March 27, 2023 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Hesai Group (NASDAQ: HSAI) resulting from allegations that Hesai may have issued materially misleading business information to the investing public. 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