Radnor, Pennsylvania, November 28, 2021 / PRNewswire /-Law Firm Kessler Topaz Meltzer & Check, LLP Notify investors that a class action has been filed against Hyzon Motors Inc. (“Hyzon”) (“Hyzon”)NASDAQ: HYZN) F / k / a Decarbonization Plus Acquisition Corporation (“Decarbonization”) (NASDAQ: DCRB) is a “customer” contract, “transaction”, and “customer partnership”. Due to Hyzon’s misconduct, Hyzon investors suffered significant losses as a result of allegations of corporate law violations.
Plaintiff’s deadline: November 29, 2021
Class period: February 9, 2021 Use September 27, 2021
Contact a lawyer to discuss your rights:
James Malo, Esq. (484) 270-1453 or Call charges are free (844) 887-9500 or email email@example.com
HYZON’s alleged misconduct
Hyzon is a hydrogen mobility company that manufactures hydrogen-powered commercial vehicles and fuel cell systems.on February 9, 2021, Hyzon has issued a press release promoting Hyzon’s intended transactions and deadlines. During the class, Hyzon continued to promote contracts, transactions and partnerships with its customers. September 9, 2021 The company has up to 500 hydrogen fuel cell electric vehicles Shanghai Logistics company.
The truth emerged September 28, 2021In a report by Blue Orca Capital, Shanghai Hongyun, Hyzon’s largest customer, is “a fake Chinese shell entity formed three days before the transaction announcement” and Hyzon’s next largest customer, Hillinga Energy ( “Hiringa”) is not really a customer of Hyzon, but a “channel partner” of Hyzon’s vehicles.The report further states, “Hiringa is [Hyzon]Expected delivery in 2021. Still, Hillinga pointed out that delivery will not take place in 2021. This is inconsistent with Hyzon’s representation during the class.
In response to this news, Hyzon’s stock price fell $ 2.58 Close per share or at 28% $ 6.63 Per share September 28, 2021..
Hyzon Investors At the latest November 29, 2021Demands to be appointed as the main plaintiff’s representative of the class through Kessler Topaz Meltzer & Check, LLP Or you may choose to remain a member of another lawyer, or a class that was absent without doing anything. Kessler Topaz Meltzer & Check, LLP Hyzon investors who have suffered significant losses are encouraged to contact the company directly for more information.
Who can be the primary plaintiff?
The plaintiff chief is the representative party acting on behalf of all class members in conducting proceedings. The primary plaintiff is usually the appropriate and typical investor or a small group of investors of the proposed class of investors with the greatest financial benefit. The Chief Plaintiff selects the Chief Plaintiff and the attorneys representing the class, who, if approved by the court, are the Chief or Class attorneys. The ability to share recovery is unaffected by the decision to act as the main plaintiff.
About KESSLER TOPAZ MELTZER & CHECK, LLP
Kessler Topaz Meltzer & Check, LLP Prosecute class actions in state and federal courts nationwide and around the world. The company has built a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate fraud. All of our work is driven by the common goal of protecting investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and trustees. After all, if the bad guys paid and recovered their assets, we were successful. The complaints in this proceeding were not filed by Kessler Topaz Meltzer & Check, LLP.For more information Kessler Topaz Meltzer & Check, LLP Please come www.ktmc.com..
Kessler Topaz Meltzer & Check, LLP
(844) 887-9500 (toll free)
Source Kessler Topaz Meltzer & Check, LLP
Final Deadline Reminder: Kessler Topaz Meltzer & Check, LLP informs investors of the plaintiff’s chief deadline for a class action proceeding in a securities fraud class action filed against Hyzon Motors Inc. (HYZN).state
Source link Final Deadline Reminder: Kessler Topaz Meltzer & Check, LLP informs investors of the plaintiff’s chief deadline for a class action proceeding in a securities fraud class action filed against Hyzon Motors Inc. (HYZN).state