HYZON MOTORS SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses Over $ 100,000 of Principal Plaintiff’s Delay in Class Action Against Hyzon Motors Inc.
NEW ORLEANS, October 05, 2021– (COMMERCIAL THREAD) – Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they have up to November 29, 2021 file principal plaintiff claims in a securities class action lawsuit against Hyzon Motors Inc. (NasdaqGS: HYZN, HYZNW) f / k / a Decarbonization Plus Acquisition Corporation (NasdaqGS: DCRB, DCRBU, DCRBW), if they purchased the Company securities between February 9, 2021 and September 27, 2021 inclusive (the “Recourse Period”). This action is pending in the United States District Court for the Western District of New York.
What you can do
If you have purchased securities of Hyzon Motors and wish to discuss your legal rights and how this matter may affect you as well as your right to recover your economic loss, you may, at no obligation or cost to you, contact Lewis Kahn, Managing Partner of KSF. free at 1-877-515-1850 or by email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-hyzn/ to learn more. If you wish to act as the principal plaintiff in this class action lawsuit, you must bring an application to the Court by November 29, 2021.
About the trial
Hyzon and some of its officers are accused of failing to disclose material information during the Class Period, in violation of 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, the common shares of Hyzon began trading under the symbol “HYZN And Hyzon Warrants began trading under the ticker symbol “HYZNW”. Prior to the merger, the securities of Hyzon Motors traded under the ticker symbols “DCRBU” for the Units, “DCRB” for the Common Shares and “DCRBW” for the Warrants.
On September 28, 2021, market analyst Blue Orca Capital reported, among other things, that: (i) “Hyzon’s biggest customer is a fake Chinese Shell entity formed 3 days before the deal was announced” ; (ii) “Channel checks reveal that the next most important customer isn’t really a customer”; and (iii) “Renowned ghost customers suggest overestimated orders and financial projections”.
At this news, shares of Hyzon Motors fell about 28%, hurting investors.
The case is Kauffmann v. Hyzon Motors Inc. f / k / a Decarbonization Plus Acquisition Corporation, 21-cv-06612.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – in seeking recoveries for investment losses resulting from corporate fraud or embezzlement committed by listed companies. KSF has offices in New York, California, Louisiana, and New Jersey.
To learn more about KSF, you can visit www.ksfcounsel.com.
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Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner