Bernstein Liebhard LLP announces that a class action lawsuit has been filed against Hyzon Motors Inc. f / k / a Decarbonization Plus Acquisition Corporation.
Released: Oct 1, 2021 at 8:15 PM EDT|Updated: 5 hours earlier
NEW YORK, October 1, 2021 / PRNewswire / – Bernstein Liebhard, a nationally recognized investor rights law firm, announces that a class action lawsuit has been filed on behalf of investors who have purchased or acquired the securities of Hyzon Motors Inc. f / k / a Decarbonization Plus Acquisition Corporation (“Hyzon” or the “Company”) (NASDAQ: DCRB, HYZN) by February 9, 2021 by September 27, 2021 (the “Class Period”). The lawsuit filed in The United States District Court for the Western District of new York alleges violations of the Securities Act of 1934.
if you Have purchased Hyzon securities and / or wish to discuss your legal rights and options Please visit Hyzon Motors Inc Rujul Patel free of charge at (877) 779-1414 or [email protected]
According to the complaint, Hyzon has made essentially false and / or misleading statements and has failed to disclose adverse facts relating to the business, operations and prospects of the company. In particular, Hyzon has failed to disclose to investors: (1) that Hyzon has misrepresented the nature of its customer contracts and heavily adorned its business and partnerships with customers; (2) Hyzon was unable to deliver its announced vehicles on the specified schedule in 2021; and (3) as a result, the public statements made by the defendants at all relevant times were essentially false and / or misleading.
on September 9, 2021the company published a press release entitled “Hyzon Motors to Deliver Up to 500 Hydrogen Fuel Cell Electric Vehicles Shanghai Logistics company “in relation to the company’s quotations and delivery schedule.
On the news, Hyzon shares rose 29% from the pre-market announcement that it had signed a major new contract for 500 trucks (including 100 orders in 2021) from a new Chinese customer, Shanghai HongYun.
on September 28, 2021, market analyst Blue Orca Capital published a report on the company (the “Blue Orca Report”), which, among other things, was disclosed in relevant parts, seems to be just an empty shell in relation to the supposed major customer.
On the news, Hyzon shares fell $ 2.58 per share, or 28% to close at $ 6.63 per share September 28, 2021, with unusually high trading volumes.
If you want to appear as the lead plaintiff, you have to go to court no later than November 29, 2021. A lead plaintiff is a representative party who acts on behalf of other group members in directing the dispute. Your ability to partake in a recovery does not require you to be the lead plaintiff. If you do nothing, you can remain an absent class member.
if you Have purchased Hyzon securities and / or wish to discuss your legal rights and options please visit https://www.bernlieb.com/cases/hyzonmotorsinc-hyzn-shareholder-class-action-lawsuit-fraud-stock-443/ or contact Rujul Patel toll-free at (877) 779-1414 or [email protected]
Bernstein Liebhard LLP has been recovering since 1993 $ 3.5 billion for its customers. In addition to representing individual investors, the firm has been hired by some of the country’s largest public and private pension funds to oversee their assets and litigate on their behalf. As a result of its success in hundreds of legal and class action lawsuits, the firm has been listed on the National Law Journal’s “Plaintiffs’ Hot List” thirteen times and on The Legal 500 for ten consecutive years.
ADVERTISING LAWYER. Â© 2021 Bernstein Liebhard LLP. The firm responsible for this ad is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this report im State of Connecticut is Michael S. Bigin. Past results do not guarantee or predict a similar result with respect to future matters.
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