#San Diego #Class Action #Securities Fraud #Webull Corporation

Investor Legal News: Webull Corporation Class Action Lawsuit

In a significant announcement for investors, Robbins Geller Rudman & Dowd LLP has detailed that those who purchased or acquired publicly traded securities from Webull Corporation (NASDAQ: BULL) between April 26, 2025, and October 6, 2026, have a crucial deadline approaching. Investors looking to lead a class action lawsuit against Webull must act by December 7, 2026. This lawsuit, formally known as Ward v. Webull Corporation, centers around allegations of violations of the Securities Exchange Act of 1934.

The class action lawsuit brings forth serious accusations against both Webull as a company and some of its top executives, claiming they made false or misleading statements during the class period and failed to disclose critical operational details regarding Webull’s ties to mainland China. The suit emphasizes that Webull's software development, core engineering, and data pipelines are heavily dependent on personnel and infrastructure within the People's Republic of China (PRC), contrary to their public assertions of being a primarily American enterprise.

Background on Webull’s Allegations

The legal action follows a report on October 7, 2026, from CNBC. It highlighted findings from the Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party. This report pointed out what it referred to as a