HYZN Investor Alert: Thornton Law Firm Announces Investigation
Boston, Massachusetts--(Newsfile Corp. - September 28, 2021) - The Thornton Law Firm alerts investors that it is investigating Hyzon Motors Inc. (NASDAQ: HYZN) for potential securities violations. Investors who currently own shares or options of HYZN may contact the Thornton Law Firm's investor protection team by visiting www.tenlaw.com/cases/Hyzon for more information. Investors may also email investors@tenlaw.com or call 617-531-3917.
FOR MORE INFORMATION: www.tenlaw.com/cases/Hyzon
On September 28, 2021, market analyst Blue Orca Capital published a report regarding Hyzon which stated, among other things, that "Hyzon's Largest Customer is a Fake-Looking Chinese Shell Entity Formed 3 Days Before Deal Announced[,]" and "Channel Checks Reveal Next Largest Customer Not Really a Customer … when we channel checked these claims with Hiringa, its executive clarified that Hiringa was not actually a customer, but a 'channel partner' assisting Hyzon in marketing vehicles to real end customers in New Zealand." The Blue Orca report also stated that "According to Hyzon, Hiringa will account for 24% of the Company's projected deliveries in 2021. Yet Hiringa stated point blank that no deliveries would be taken in 2021[.]" Further, the Blue Orca report stated that "Former Executives Left in Part Because of Concerns over Misrepresentations on Customer Contracts. We spoke with one former senior executive … [h]e said he 'didn't like the way [customer contracts] were being presented' and compared Hyzon 'a bit like unfortunately what Nikola was doing… I was very uncomfortable with that.'" On this news, Hyzon's shares fell sharply during intraday trading on September 28, 2021, on unusually heavy trading volume, damaging investors.
FOR MORE INFORMATION: www.tenlaw.com/cases/Hyzon
Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
CONTACT:
Thornton Law Firm LLP
1 Lincoln Street
State Street Financial Center
Boston, MA 02111
www.tenlaw.com/cases/Hyzon
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