Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff in a Class Security Lawsuit Against Hyzon Motors Inc. f / k / a Decarbonization Plus Acquisition Corporation
New York, New York – (Newsfile Corp. – October 6, 2021) – Bernstein Liebhard, a nationally recognized investor rights law firm, is reminding investors of the deadline for filing lead plaintiffs in a class action lawsuit on behalf of investors who are the Hyzon Motors Inc. f / k / a Decarbonization Plus Acquisition Corporation (“Hyzon” or the “Company”) (NASDAQ: DCRB) (NASDAQ: HYZN) bought or acquired by February 9, 2021 to September 27, 2021 (the “Class Period”). The lawsuit filed in the US 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 (877) 779-1414 or [email protected]
According to the complaint, Hyzon has made materially 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 defendants’ public statements were, at all relevant times, essentially false and / or misleading.
On September 9, 2021, the company published a press release entitled “Hyzon Motors To Deliver Up To 500 Hydrogen Fuel Cell Electric Vehicles To Shanghai Logistics Company” about the company’s business 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, the 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 with regard to the alleged major customer.
Following the news, Hyzon shares fell $ 2.58 per share, or 28%, amid unusually high trading volumes, to close at $ 6.63 per share on September 28, 2021.
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]
Since 1993, Bernstein Liebhard LLP has recovered over $ 3.5 billion for its clients. In addition to representing retail investors, the firm has been hired by some of the largest public and private pension funds in the country to monitor their assets and litigate on their behalf. As a result of its success in hundreds of lawsuits and class actions, the firm has been included 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 notification is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The attorney responsible for this complaint in the Connecticut state is Michael S. Bigin. Past results do not guarantee or predict a similar result with respect to future matters.
Bernstein Liebhard LLP
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98467