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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 29, 2021 to file lead plaintiff applications in a securities class action lawsuit against Hyzon Motors Inc. (NasdaqGS: HYZN, HYZNW) f/k/a Decarbonization Plus Acquisition Corporation (NasdaqGS: DCRB, DCRBU, DCRBW).
Hyzon and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 16, 2021, the merger between the Company and Decarbonization Plus Acquisition Corporation was completed with Decarbonization changing its name to Hyzon Motors Inc., and on July 19, 2021, Hyzon common stock began trading under the ticker symbol “HYZN” and Hyzon warrants began trading under the ticker symbol “HYZNW.” Before the merger, Hyzon Motors securities traded under the ticker symbols “DCRBU” for Units, “DCRB” for common stock, and “DCRBW” for warrants.
On September 28, 2021, market analyst Blue Orca Capital reported, among other things, that: (i) “Hyzon’s Largest Customer is a Fake-Looking Chinese Shell Entity Formed 3 Days Before Deal Announced”; (ii) “Channel Checks Reveal Next Largest Customer Not Really a Customer”; and (iii) “Phantom Big-Name Customers Suggest Overstated Orders and Financial Projections.”
On this news, Hyzon Motors shares plummeted approximately 28%, damaging investors.
If you purchased securities of Hyzon and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Kauffmann v. Hyzon Motors Inc. f/k/a Decarbonization Plus Acquisition Corporation, 21-cv-06612.
Click here to read the first filed complaint.