| COMPANY |
Hyzon Motors Inc. f/k/a Decarbonization Plus Acquisition Corporation |
| COURT |
United States District Court for the Western District of New York |
| CASE NUMBER |
21-cv-06612 |
| JUDGE |
The Honorable Charles J. Siragusa |
| CLASS PERIOD |
January 23, 2021 and September 27, 2021 |
| SECURITY TYPE |
All Securities |
Case Background:
A class action lawsuit has been filed on behalf of those who purchased or acquired Hyzon Motors Inc. (“Hyzon”) (NASDAQ: HYZN; HYANW) f/k/a Decarbonization Plus Acquisition Corporation (NASDAQ: DCRB; DCRBU; DCRBW) securities between January 23, 2021 and September 27, 2021, both dates inclusive (the “Class Period”).
The complaint alleges that throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose that: (1) Hyzon was misrepresenting the nature of its “customer” contracts and severely embellished its “deals” and “partnerships” with customers; (2) Hyzon could not deliver its announced vehicles in 2021, on its stated timeline; and (3) as a result, the defendants’ public statements were materially false and/or misleading at all relevant times.
Current Status of Case:
On September 13, 2023, Defendants filed a Motion to Dismiss the action. That Motion is currently being briefed. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.