Hyliion Holdings Corp.
(NYSE: HYLN)
Case Details
Hyliion Holdings Corp.
Days Left to
Seek Lead Plaintiff:
49
Summary of the Action
Defendants made false and/or misleading statements and/or failed to disclose that: (1) in order to cause rapid price appreciation in Hyliion stock, defendants announced a deal with an entity that was very recently formed and does not appear to have any actual business operations; (2) Thomas Healy, the Company's Chief Executive Officer (CEO), and Jon Panzer the Company's Chief Financial Officer (CFO), timed the announcement and foregoing price appreciation to insider trade; and (3) as a result, defendants' statements about Hyliion's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Certification and Authorization Pursuant to Federal Securities Laws
Date of signing: 09/08/2026