Multiple law firms filed federal securities class-action lawsuits against Hyliion Holdings Corp and its senior executives. The legal actions allege the company made materially false statements regarding its commercial partnership with VFG Holdings.
Pelican Way Research published a short-seller report on June 23, 2026. The report questioned VFG’s ability to execute the partnership and challenged Hyliion’s commercial pipeline.
Hyliion’s stock price declined sharply after the report's release. The lawsuits aim to recover damages for investors who purchased stock between May 12, 2026, and June 23, 2026.