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DCRD.US
id: 1696

Decarbonization Plus ($DCRB) $8.8M Investor Settlement

Late claims are being considered for compensation, subject to approval.
$8,800,000
Cash Settlement
Delaware court of Chancery
Court
2022‑0260‑PAF
Case number
07/13/2021
Class period Start
03/18/2022
Class period End
10/14/2025
Claim deadline
Decarbonization Plus ($DCRB) has agreed to settle $8.8M with investors over claims it misled them about key details of its merger with Hyzon Motors.
Case Type
US Securities Class Action
Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Service Provider
Security Type
Stocks
Trade Direction
Long
Filing date
03/18/2022
Plaintiffs
John E. Malork.
Attorneys
Robbins Geller Rudman & Dowd LLP
Defendants
Erik Anderson; Jennifer Aaker; Jane Kearns; Pierre Lapeyre, Jr.; David Leuschen; Robert Tichio; Jim McDermott; Jeffrey Tepper; Michael Warren
Administrator
A.B. Data Ltd
Court hearing date
10/03/2025
Objection deadline
09/19/2025
Attorney fee
$2,200,000
Trades matching type
FIFO

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