NEW YORK, Sept. 06, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in Hyzon Motors Inc. (“Hyzon” or the “Company”) HYZN. Those investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, extension 7980.

The investigation concerns whether Hyzon and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

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On August 4, 2022, Hyzon announced in a filing with the Securities and Exchange Commission that the company’s board of directors had appointed a committee of independent directors to review issues related to revenue recognition timing and internal controls/procedures are investigating, which were mainly related to its operations in China, which may prevent the Company from filing its quarterly report for the second quarter of 2022 on time.

As a result of this news, Hyzon’s stock price fell $1.71 per share, or 38.08%, to close at $2.78 per share on August 5, 2022.

The Pomerantz law firm, with offices in New York, Chicago, Los Angeles and Paris, is one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as Dean of the Class Attorney’s Association, the Pomerantz firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz law firm continues the tradition he established and fights for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomerantzlaw.com

CONTACT:
Robert S Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980