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Law firm investigates Hyliion over potential securities law violations after short seller report.

Market News
28 Jul 2026
GlobeNewsWire
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Bearish
Law firm investigates Hyliion over potential securities law violations after short seller report.

Johnson Fistel, PLLP is investigating Hyliion Holdings Corp. following a critical report by Pelican Way Research that questioned the legitimacy of a major deal Hyliion announced. The report alleged that a key letter of intent with VFG Holdings, representing significant potential revenue, may lack commercial substance due to VFG's limited operations and recent incorporation. The investigation aims to determine if Hyliion complied with federal securities laws, and investors who suffered losses are encouraged to contact the law firm for possible recovery options.

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UBS raises ABM Industries price target to $51.50 after strong earnings and revenue growth.

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