INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That Securities Class Action Lawsuits Have Been Filed on Behalf of Investors in Hyzon Motors, Inc. (HYZN), InnovAge Holding Corp. (INNV), and Nano-X Imaging Ltd. (NNOX) and Encourages Investors to Contact the Firm
NEW YORK, Nov. 24, 2021 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that securities class action lawsuits have been filed on behalf of investors in securities of Hyzon Motors, Inc., InnovAge Holding Corp., and Nano-X Imaging Ltd. Investors have until the deadlines below to apply to the Court to be appointed as lead plaintiff in the lawsuits. Additional information about each case can be found at the links provided below.
Hyzon Motors, Inc. (“Hyzon” or the “Company”) (NASDAQ: HYZN)
Class Period: February 9, 2021 to September 27, 2021
Pending Court: U.S. District Court for the Western District of New York
Lead Plaintiff Deadline: November 29, 2021
The lawsuit alleges throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors 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, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
For additional information on the Hyzon lawsuits please visit this website.
InnovAge Holding Corp. (“InnovAge” or the “Company”) (NASDAQ: INNV)
Class Period: March 2, 2021 to October 14, 2021
Pending Court: U.S. District Court for the District of Colorado
Lead Plaintiff Deadline: December 13, 2021
The lawsuit alleges throughout the Class Period, Defendants failed to disclose to investors: (1) that certain of InnovAge’s facilities failed to provide covered services, provide accessible and adequate services, manage participants’ medical situations, and oversee use of specialists; (2) that, as a result, the Company was reasonably likely to be subject to regulatory scrutiny, including by the Centers for Medicare and Medicaid Services (“CMS”); (3) that, as a result, there is a significant risk that CMS would suspend new enrollments pending an audit of the Company’s services; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
For additional information on the InnovAge lawsuit please visit this website.
Nano-X Imaging Ltd. (“Nano-X” or the “Company”) (NASDAQ: NNOX)
Class Period: June 17, 2021 to August 18, 2021
Pending Court: U.S. District Court for the Eastern District of New York
Lead Plaintiff Deadline: December 6, 2021
The lawsuit alleges throughout the Class Period, Defendants misled investors concerning the 510(k) submission for Nanox.ARC. Specifically, while touting Nanox.ARC’s regulatory and commercial prospects, Defendants concealed: (i) Nano-X’s 510(k) application for the Nanox.ARC was deficient; (ii) accordingly, it was unlikely that the FDA would approve the 510(k) application for the Nanox.ARC in its current form; and (iii) as a result, Nano- X had overstated Nanox.ARC’s regulatory and commercial prospects.
For additional information on the Nano-X lawsuit please visit this website.
About Kirby McInerney LLP:
Kirby McInerney is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
(212) 371-6600
investigations@kmllp.com
www.kmllp.com
