Class Action Lawsuit Filed Against Webull Corporation Alleging Misleading Statements
A class action lawsuit has been filed against Webull Corporation (NASDAQ: BULL) and certain officers by Bronstein, Gewirtz & Grossman LLC. The suit alleges violations of federal securities laws due to misleading statements regarding the company's operations in mainland China. According to the complaint, Webull misrepresented its independence from Chinese law by claiming that core engineering functions were based in the U.S., while significant aspects such as software development and data infrastructure relied on PRC-based personnel and systems. The lawsuit seeks damages for investors who purchased or acquired Webull securities between April 26, 2025, and October 6, 2026. Investors are encouraged to join the case by visiting the firm's website before December 7, 2026, to request lead plaintiff status if they suffered losses. The law firm is representing investors on a contingency fee basis, meaning it will only receive compensation from any recovery obtained in court.
Tickers: $BULL
Topics: class action lawsuit securities fraud Webull operations
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