investors can Contact the law firm for free to learn more about recovering their losses

LOS ANGELES, April 14, 2023 (GLOBE NEWSWIRE) — The law firm of Portnoy advises Hesai Group (“Hesai” or the “Company”) HSAI Investors who have filed a lawsuit on behalf of investors who bought Hesai HSAI Securities related to the Company’s initial public offering in February 2023 (“IPO”).

Investors are encouraged to contact an attorney Lesley F Portnoyby phone 844-767-8529 or E-mail: lesley@portnoylaw.comto discuss your legal rights, or Click here to join the case about www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss investors’ options for making claims to recover their losses.

In February 2023, Hesai completed its IPO and in March 2023 reported its unaudited financial results for the fourth quarter and full year 2022, which showed a decline in gross margin due to increased shipments of lower-margin products. This news caused Hesai’s stock price to drop by 10.2%, prompting a class action lawsuit alleging that the company and its executives made materially false and misleading statements about its operations and prospects, including the cause of the decline in gross margin.

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Portnoy Law Firm represents investors in asserting claims against companies caused by wrongdoing. The firm’s founding partner has recovered over $5.5 billion for aggrieved investors. attorney advertising. Previous results do not guarantee similar results.

Lesley F. Portnoy, Esq.
Bar Association in CA and NY
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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