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Mittwoch, 17.11.2021 19:35 von | Aufrufe: 147

HYZON MOTORS SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 OF Lead Plaintiff Deadline in Class Action Lawsuit Against Hyzon Motors Inc. - HYZN

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PR Newswire

NEW ORLEANS, Nov. 17, 2021 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until November 29, 2021 to file lead plaintiff applications in a securities class action lawsuit against Hyzon Motors Inc. (NasdaqGS: HYZN, HYZNW) f/k/a Decarbonization Plus Acquisition Corporation (NasdaqGS: DCRB, DCRBU, DCRBW), if they purchased the Company's securities between February 9, 2021 and September 27, 2021, inclusive (the "Class Period").  This action is pending in the United States District Court for the Western District of New York.

Get Help

Hyzon investors should visit us at https://claimsfiler.com/cases/nasdaq-hyzn/ or call toll-free (844) 367-9658.  Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Hyzon and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On July 16, 2021, the merger between the Company and Decarbonization Plus Acquisition Corporation was completed with Decarbonization changing its name to Hyzon Motors Inc., and on July 19, 2021, Hyzon common stock began trading under the ticker symbol "HYZN" and Hyzon warrants began trading under the ticker symbol "HYZNW." Before the merger, Hyzon Motors securities traded under the ticker symbols "DCRBU" for Units, "DCRB" for common stock, and "DCRBW" for warrants.

On September 28, 2021, market analyst Blue Orca Capital reported, among other things, that: (i) "Hyzon's Largest Customer is a Fake-Looking Chinese Shell Entity Formed 3 Days Before Deal Announced"; (ii) "Channel Checks Reveal Next Largest Customer Not Really a Customer"; and (iii) "Phantom Big-Name Customers Suggest Overstated Orders and Financial Projections."


ARIVA.DE Börsen-Geflüster

On this news, Hyzon Motors shares plummeted approximately 28%, damaging investors.

The case is Kauffmann v. Hyzon Motors Inc. f/k/a Decarbonization Plus Acquisition Corporation, 21-cv-06612.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

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SOURCE ClaimsFiler

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