Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Hyzon Motors Inc. (“Hyzon”) (NASDAQ: HYZN; HYANW) f/k/a Decarbonization Plus Acquisition Corporation (NASDAQ: DCRB; DCRBU; DCRBW) securities between February 9, 2021 and August 17, 2022, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, 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 of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On July 14, 2025, the Court granted in part and denied in part Defendants’ Motion to Dismiss the Amended Complaint. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; 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.