NEW YORK, Nov. 05, 2021 (GLOBE NEWSWIRE) – Law firm Kirby McInerney LLP reminds investors that securities class actions have been filed on behalf of shareholders of Nano-X Imaging Lt., Hyzon Motors, Inc. , and Waterdrop Inc. Investors have until the deadlines below to apply to the Court to be named principal plaintiffs in the lawsuits. Additional information on each case can be found at the links provided below.
Nano-X Imaging Ltd. (“Nano-X” or the “Company”) (NASDAQ: NNOX)
Class period: June 17, 2021 to August 18, 2021
Pending Court: United States District Court for the Eastern District of New York
Lead applicant’s deadline: December 6, 2021
The lawsuit alleges that throughout the Class Period, the Defendants misled investors regarding the 510 (k) submission for Nanox.ARC. Specifically, while touting Nanox.ARC’s regulatory and business prospects, the defendants concealed: (i) Nano-X’s 510 (k) application for Nanox.ARC was deficient; (ii) therefore, it was unlikely that the FDA would approve the 510 (k) application for Nanox.ARC in its current form; and (iii) as a result, Nano-X overestimated the regulatory and business prospects of Nanox.ARC.
For more information on the Nano-X trial, please visit this website.
Hyzon Motors, Inc. (âHyzonâ or the âCompanyâ) (NASDAQ: HYZN)
Class period: February 9, 2021 to September 27, 2021
Pending Court: United States District Court for the Western District of New York
Lead applicant’s deadline: November 29, 2021
The lawsuit alleges throughout the Class Period that the Defendants made materially false and / or misleading statements, and failed to disclose material adverse facts regarding the business, operations and prospects of the Company. Specifically, the Defendants did not disclose to investors that: (1) Hyzon distorted the nature of its “client” contracts and severely embellished its “agreements” and “partnerships” with its clients; (2) Hyzon was unable to deliver its vehicles announced in 2021, within the announced deadlines; and (3) as a result, the Defendants’ positive statements regarding the Company’s business, operations and prospects were misleading and / or lacking reasonable basis at all material times.
For more information on the Hyzon lawsuits, please visit this website.
Waterdrop Inc. (âWaterdropâ or the âCompanyâ) (NYSE: WDH)
Course period: from May 4, 2021 to September 14, 2021
Pending Court: United States District Court for the Southern District of New York
Lead applicant’s deadline: November 15, 2021
The lawsuit alleges that the registration statement of the initial public offering (“IPO”) did not reveal that Waterdrop was the subject of intense regulatory investigation and ongoing crackdown by Chinese authorities due to of a variety of market abuse perpetrated by Waterdrop used to artificially inflate Waterdrop’s shorts – futures financial results prior to the IPO, including, but not limited to: (i) operation of trading platforms insurance without appropriate government approvals; (ii) the risks of mispricing to consumers; and (iii) misuse of customer information. The Waterdrop class action lawsuit further alleges that, unbeknownst to investors, the reason why Waterdrop had discontinued its mutual aid segment was because it had been ordered to do so by Chinese regulators.In addition, Waterdrop had experienced a rapid acceleration in operating losses at the prem Q1 2021, which ended weeks before the IPO.
For more information on the Waterdrop trial, please visit this website.
About Kirby McInerney LLP:
Kirby McInerney is a New York-based law firm specializing in securities, antitrust, whistleblower and consumer litigation. The company’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the company is available on Kirby McInerney’s website: www.kmllp.com.
This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and ethical rules.
Kirby McInerney LLP
Thomas W. Elrod, Esq.