A securities class action has been filed against of Hyliion Holdings Corp. (HYLN) on behalf of persons or entities who purchased or otherwise acquired publicly traded Hyliion securities between May 12, 2026 through June 23, 2026. This case has been filed in the USDC – SDNY.
On June 23, 2026, Investing.com published an article entitled “Hyliion stock tumbles on short seller report questioning VFG deal.” The article stated that Hyliion shares fell “following the release of a short report by Pelican Way Research questioning the legitimacy of a key customer agreement that had previously sent the stock surging approximately 150%.”
On this news, Hyliion’s stock fell 17.2% on June 23, 2026.