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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.
$8,800,000
Cash SettlementDelaware court of Chancery
Court2022‑0260‑PAF
Case number07/13/2021
Class period Start03/18/2022
Class period End10/14/2025
Claim deadlineDecarbonization Plus ($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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