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Hyzon Motors SPAC Board Sued Over 'Outlandish' Deal Hype

Law 360 M&A

Investors of a special purpose acquisition company that merged with zero-emission hydrogen-fuel automaker Hyzon Motors Inc. have filed suit in Delaware Chancery Court, claiming the SPAC's sponsors, founders and directors made misrepresentations about Hyzon to gain shareholder approval of the deal.

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Shareholders Urge Chancery To Keep Hyzon SPAC Suit Alive

Law 360 M&A

billion take public deal for hydrogen fuel vehicle maker Hyzon Motors Inc. in 2021 told a Delaware vice chancellor on Friday that Chancery Court has already rejected some of the company's defenses in similar cases. An attorney for stockholders who challenged a $2.1

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SEC Announces Enforcement Results for Fiscal Year 2023

Reynolds Holding

The stand-alone enforcement actions spanned the securities industry, from billion-dollar frauds to emerging investor threats involving crypto asset securities and cybersecurity, and charged violations by diverse market participants, from public companies and investment firms to gatekeepers and social media influencers.