Home Substantial portion Howard G. Smith Law Firms Remind Investors of Shareholder Class Actions

Howard G. Smith Law Firms Remind Investors of Shareholder Class Actions

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BENSALEM, Pa., October 18, 2021 (GLOBE NEWSWIRE) – The law firms of Howard G. Smith remind investors that class actions have been filed on behalf of shareholders of the following publicly traded companies. Investors have until the deadlines indicated below to file a request as principal applicant.

Investors experiencing losses on their investments are encouraged to contact the law firms of Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email at [email protected]

Goutte d’eau inc. (NYSE: WDH)
Appeal period: IPO of May 2021
Lead applicant’s deadline: November 15, 2021

The complaint filed alleges 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 failed to disclose to investors that: (1) Waterdrop had achieved a substantial portion of its historic revenue growth through illicit means that violated Chinese rules and regulations governing the insurance industry; (2) Waterdrop had been ordered by the Chinese government to shut down its mutual aid platform due to its failure to comply with Chinese law; (3) Waterdrop was under investigation by regulatory authorities for continued violations of Chinese law; (4) due to the foregoing, there was a material undisclosed risk and a substantial likelihood that Waterdrop would experience serious adverse reactions from regulatory authorities as a result of the IPO; (5) Waterdrop’s operating losses more than quadrupled in the first quarter of 2021 due to the cessation of its self-help activity and the rapid growth in customer acquisition costs; and (6) Due to the foregoing, the statements in the registration statement regarding Waterdrop’s historical financial and operating metrics and alleged market opportunities did not accurately reflect the business, operations, financial results and performance. The Company’s actual trajectory from the perspective of the IPO, was materially false and misleading, and lacked a factual basis.

Honest Company, Inc. (NASDAQ: HNST)
Appeal period: IPO of May 2021
Lead applicant’s deadline: November 15, 2021

The registration statement was substantially false and misleading and omitted: (1) that prior to the IPO, the company’s results had been significantly affected by a multi-million dollar inventory of COVID-19 products from the Diapers and wipes and Household and Well-being category; (2) that at the time of the IPO, the Company was experiencing a deceleration in demand for these products; (3) that, therefore, the financial results of the Company would probably be adversely affected; and (4) that due to the foregoing, the Defendants’ positive statements regarding the business, operations and prospects of the Company were materially misleading and / or lacked reasonable basis.

AppHarvest, Inc. (NASDAQ: APPH)
Class period: May 17, 2021 – August 10, 2021
Lead applicant’s deadline: 23 November 2021

Throughout the Class Period, 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 failed to disclose to investors: (1) that AppHarvest lacked sufficient training for its recently expanded workforce; (2) that, therefore, the Company could not consistently produce Grade 1 tomatoes; (3) that as a consequence, the financial results of the Company would be adversely affected; and (4) that as a result of the foregoing, the Defendants’ positive statements regarding the activities, operations and prospects of the Company were materially misleading and / or lacked reasonable basis.

Hyzon Motors Inc. f / k / a Decarbonization Plus Acquisition Corporation (NASDAQ: HYZN)
Class period: February 9, 2021 – September 27, 2021
Lead applicant’s deadline: November 29, 2021

The complaint filed alleges that throughout the Claim Period, the Defendants made materially false and / or misleading statements, as well as 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) accordingly, the Defendants’ statements regarding its business, operations and prospects were materially false and misleading and / or lacked reasonable basis at all relevant times.

To be a member of these class actions, you do not need to take any action at this time; you can retain the services of the lawyer of your choice or take no action and remain an absent member of the class action. If you would like to learn more about these class actions, or if you have any questions regarding this announcement or your rights or interests in any such matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith , 3070 Bristol Pike, Suite 112, Bensalem, PA 19020, by phone at (215) 638-4847, toll free at (888) 638-4847, or by email at [email protected], or visit our website at www .howardsmithlaw .com.

This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and ethical rules.

Contacts
Howard G. Smith Law Firms
Howard G. Smith, squire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com


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