Investigation in Progress — No Complaint Filed Yet
BG&G is actively investigating potential securities fraud claims against Hesai Group. If a complaint is filed, this page will be updated. Investors are encouraged to contact us now to preserve their rights.
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Hesai Group (“Hesai” or “the Company”) (NASDAQ: HSAI). Investors who purchased Hesai securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Hesai has violated federal securities laws.
Investigation Details
On March 18, 2025, Blue Orca Capital published a report in which it announced that it had a short position in Hesai Group. Blue Orca stated that, in its opinion, Hesai is a “Nasdaq-listed Chinese scam actively lying to investors, the Department of Defense, and a United States federal court. In our view, it dishonestly attempts to escape its designation as a ‘Chinese military company’ by insisting that it has no involvement with the Chinese military. Yet, we found clear smoking-gun photographic and video evidence that Chinese military vehicles are outfitted with Hesai LiDar systems.” Following this news, the price of Hesai American Depositary Shares (“ADSs”) fell $1.74 per ADS, or 7.8%, to close at $20.56 on March 18, 2025.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Hesai securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
HSAI — Stock Performance
About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”