Investors With Substantial Losses May Seek to Lead Class Action Lawsuit Against Webull
A legal notice has been issued for purchasers or acquirers of Webull Corporation securities who have suffered significant losses in a class action lawsuit.
San Diego, CA – October 12, 2026 – Robbins Geller Rudman & Dowd LLP announced that purchasers or acquirers of Webull Corporation (NASDAQ: BULL) publicly traded securities who have suffered substantial losses are urged to seek appointment as lead plaintiff in a class action lawsuit by December 7, 2026.
The lawsuit, captioned Ward v. Webull Corporation, charges Webull and certain of its top executives with violations of the Securities Exchange Act of 1934. Allegations claim the company made false and misleading statements and failed to disclose material information about its operations in China during the "Class Period" from April 26, 2025, to October 6, 2026.
According to the complaint, Webull's representations that its principal business operations were US-based and that its US customer data was insulated from non-US access were materially overstated. The lawsuit alleges that Webull's software development, data pipelines, and core engineering depended on People's Republic of China (PRC)-based personnel and infrastructure subject to Chinese law.
Furthermore, the lawsuit references a CNBC report from October 7, 2026. The report stated that a U.S. House of Representatives Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party found a "profound gap" between Webull's presentation as an American company and its actual control and operations. According to the lawsuit, Webull's stock price fell 19% following this news.
The Private Securities Litigation Reform Act permits investors who purchased Webull securities during the Class Period to seek appointment as lead plaintiff. The lead plaintiff directs the litigation on behalf of all class members.