Defendant Name: Hyzon Motors Inc.

Defendant Type: Public Company

Document Reference: court_doc5_23-cv-06553

Document Details

Legal Case Name SEC v. Hyzon Motors Inc., Craig M. Knight, and Max C.B. Holthausen
Document Name Final Judgment as to Defendant Hyzon Motors Inc.
Document Date 16-Jan-2024
Document Format Civil Proceeding
Case Number 23-cv-06553
Federal District Court New York, Western District of New York
Allegation Type Issuer Reporting and Disclosure
Document Summary On January 16, 2024, the Court issued a final judgment stating that "Defendant Hyzon Motors Inc. . . . consented to the Court's jurisdiction over Defendant and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."

Disgorgement & Penalty Information

Resolutions
Enjoinment
Monetary Penalties:

Civil Penalty

Individual:     $25,000,000.00 Shared:    

Related Documents:

comp-pr2023-200-01 26-Sep-2023 Complaint
Complaint
The SEC alleged that: "Hyzon Motors, Inc., a publicly traded company that assembles hydrogen fuel cell electric vehicles ("FCEVs"), made false and misleading statements to investors about its customer and supplier relationships and overstated the number of FCEVs it had completed, delivered, and sold."
2023-200 26-Sep-2023 Press Release--Civil Action
SEC Charges Hydrogen Vehicle Co. Hyzon Motors and Two Former Executives for Misleading Investors
On September 26, 2023, the SEC "announced settled fraud charges against Hyzon Motors Inc., an upstate New York-based company that builds hydrogen fuel cell electric vehicles (FCEVs), for misleading investors about its business relationships and vehicle sales before and after a July 2021 merger with a publicly-traded special purpose acquisition company, or SPAC. The SEC also charged Craig M. Knight, Hyzon’s former CEO, and Max C.B. Holthausen, former managing director of Hyzon’s European subsidiary, for their roles in the fraudulent scheme."
LR-25855 27-Sep-2023 Litigation Release
SEC Charges Hydrogen Vehicle Co. Hyzon Motors and Two Former Executives for Misleading Investors
On September 27, 2023, the SEC "announced settled fraud charges against Hyzon Motors Inc., an upstate New York-based company that builds hydrogen fuel cell electric vehicles (FCEVs), for misleading investors about its business relationships and vehicle sales before and after a July 2021 merger with a publicly-traded special purpose acquisition company, or SPAC. The SEC also charged Craig M. Knight, Hyzon's former CEO, and Max C.B. Holthausen, former managing director of Hyzon's European subsidiary, for their roles in the fraudulent scheme."

Other Defendants in Action:

Craig M. Knight
Max C.B. Holthausen