GlobeNewswire

BULL INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Webull Corporation Investors – Holzer & Holzer, LLC Encourages Investors With Losses to Contact the Firm

GlobeNewswire

A shareholder class action lawsuit has been filed against Webull Corporation (“Webull”) (NASDAQ: BULL, BULLW). The lawsuit alleges that Defendants made false and misleading statements and/or failed to disclose material adverse facts, including allegations that: (1) Webull’s mainland China operations were not limited to research and development and technical support functions, but rather Webull’s software development, data pipelines, and core engineering depended on PRC-based personnel and on infrastructure subject to Chinese law; (2) Webull’s ownership structure, technical workforce, technology infrastructure, cross-border data routing, financing, and compliance structure were structurally tied to China; (3) as a result, Webull’s representations that its principal business operations were based in the U.S. and that its U.S. customer data was insulated from non-U.S. access materially overstated the Company’s independence from the PRC; and (4) as a result, Defendants’ statements about Webull’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.