Kessler Topaz Meltzer & Check, LLP Reminds HYZN Investors of Securities Fraud Class Action Lawsuit Filed Against Hyzon Motors Inc.
RADNOR, PA / ACCESSWIRE / November 21, 2021 / Law firm Kessler Topaz Meltzer & Check, LLP informs investors that a class action lawsuit has been filed against Hyzon Motors Inc. (“Hyzon”) (NASDAQ: HYZN) f / k / a Decarbonization Plus Acquisition Corporation (“Decarbonization”) (NASDAQ: DCRB ) accuses the company of violations of federal securities laws, including omissions and fraudulent misrepresentations in relation to its “customer” contracts, “business deals” and “partnerships” with customers. Hyzon’s illegal behavior has resulted in Hyzon investors suffering significant losses due to the company’s alleged violations of law.
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CLOSING OF THE APPLICANT: November 29, 2021
CLASS PERIOD: February 9, 2021 to September 27, 2021
CONTACT A LAWYER TO DISCUSS YOUR RIGHTS: James Maro, Esq. (484) 270-1453 or toll free (844) 887-9500 or email at firstname.lastname@example.org
HYZON’S REPORTED MISCONDUCT
Hyzon is a hydrogen mobility company that manufactures hydrogen-powered commercial vehicles and fuel cell systems. On February 9, 2021, Hyzon released a press release announcing Hyzon’s alleged deals and delivery schedule. Throughout the class period, Hyzon continued to advertise its customer contracts, deals and partnerships, including a press release dated Jan.
The truth emerged on September 28, 2021 when Blue Orca Capital released a report that Hyzon’s largest customer, Shanghai HongYun, is a “fake-looking Chinese shell company founded 3 days before the deal was announced” , and Hyzon’s next largest customer, Hiringa., is Energy (“Hiringa”), is not actually a Hyzon customer, but rather a “channel partner” for Hyzon vehicles. The report also states that “Hiringa accounts for 24% of the [Hyzon]’s forecast deliveries in 2021. However, Hiringa stated straightforwardly that there would be no deliveries in 2021, “which contradicts what Hyzon said during the class period.
The story goes on
Following this news, Hyzon’s share price fell $ 2.58 per share, or 28%, to close at $ 6.63 per share on September 28, 2021.
WHAT CAN I DO?
Hyzon investors can by 11/29/2021 at the latest, seek to be appointed as lead class agent through Kessler Topaz Meltzer & Check, LLP, or other legal counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Hyzon investors who have suffered significant losses to contact the company directly for more information.
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Who can be a lead plaintiff?
A lead plaintiff is a representative party who acts on behalf of all class members in the conduct of the dispute. The main plaintiff is usually the investor or small group of investors who have the greatest financial interest and who are also appropriate and typical of the proposed class of investors. The lead plaintiff selects an attorney to represent the lead plaintiff and the group, and those attorneys, if approved by the court, are lead or class plaintiffs. Your ability to participate in a recovery will not be affected by whether or not you wish to be the lead plaintiff.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
Kessler Topaz Meltzer & Check, LLP pursues class action lawsuits in state and federal courts across the country and worldwide. The company has built a worldwide reputation for excellence and reclaimed billions of dollars for victims of corporate fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and trustees. Ultimately, we succeeded if the bad guys pay and you get your wealth back. The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Kessler Topas Meltzer & Check, LLP
James Maro, Jr., Esq.
Radnor, PA 19087
(844) 887-9500 (toll free)
SOURCE: Kessler Topas Meltzer & Check, LLP
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