Webull Corporation (NASDAQ: BULL) Securities Fraud Class Action
Lead Plaintiff Deadline:
December 07, 2026
Days Left to Lead Plaintiff Deadline:
25
The Webull Corporation securities fraud class action lawsuit was filed on behalf of those who purchased or otherwise acquired Webull Corporation (“Webull”) (NASDAQ: BULL) securities between April 26, 2025 and October 6, 2026, inclusive (the “Class Period”). Captioned Ward v. Webull Corporation, No. 26-cv-03052 (M.D. Fla.), the Webull class action lawsuit alleges that Webull and/or certain of its officers and/or directors violated federal securities laws by making false or misleading statements and/or omitted to disclose material information.
If you lost money as a result of your Webull investment and want to find out more about this action and your rights, fill out the form on this page or contact attorney Jonathan Naji, Esq. of KTMC by calling (484) 270-1453 or via e-mail at [email protected].
COMPLAINT ALLEGATION SUMMARY:
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) despite representations that Webull’s operations in mainland China were “limited to research and development and technical support functions,” in truth, Webull’s core platform, software development, data pipelines, and core engineering depended on PRC-based personnel and on technology infrastructure subject to Chinese law; (2) Webull touted that personally identifiable information of Webull Financials’ customers could not be accessed by non-U.S. employees without permission and oversight from U.S. personnel while concealing that Webull’s technology infrastructure and cross border data routing were tied to China; (3) Webull materially understated its operational dependence on PRC and the regulatory risk created by that dependence; and (4) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHY DID WEBULL’S STOCK DROP?
On October 7, 2026, CNBC reported that the Select Committee found a “profound gap” between Webull’s representation as an American company and its actual control and operations. The report revealed that the Select Committee had found that Webull’s entire operating, ownership, financing, and compliance infrastructures are tied to China, and that despite stating it had no offices or employees in China, its mainland subsidiary actually employed 62% of Webull’s global workforce. On this news, the price of Webull’s Class A ordinary shares fell approximately 19%, to close at $5.89 on October 7, 2026.
THE LEAD PLAINTIFF PROCESS:
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Webull securities during the Class Period to seek appointment as lead plaintiff in the Webull class action lawsuit. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Filling out the online form above or communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including being recognized in Chambers & Partners USA 2026 as a Band 1 Top Firm in Securities and Class Actions, Legal 500’s Tier 1 Rankings for Securities and M&A Litigation, The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs’ Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent.
FAQs
Am I eligible to join the Webull Corporation securities class action lawsuit?
You may be eligible if you purchased or otherwise acquired Webull Corporation (NASDAQ: BULL) securities between April 26, 2025 and October 6, 2026, inclusive, and suffered a loss. This period is referred to as the Class Period.
What is the lead plaintiff deadline for the Webull case?
The deadline to seek appointment as lead plaintiff is December 7, 2026. Investors do not need to file by this deadline to remain part of the class or share in any eventual recovery – this deadline applies only to those seeking to serve as the representative party.
What happens after the lead plaintiff deadline passes in the Webull case?
The Webull case continues. Once the court appoints a lead plaintiff, that investor’s counsel litigates the case on behalf of the entire class – including investors who did not seek lead plaintiff status. Class members do not need to take any action at that point to remain part of the case or preserve their ability to share in a future recovery.
Is there a deadline to file if I lost money on Webull stock?
Two different deadlines can apply, and it’s easy to conflate them. The December 7, 2026, deadline is only for investors seeking to serve as lead plaintiff. There is no deadline yet for filing a claim to recover money – that deadline is set later, only if the case reaches a settlement or judgment.
What are the allegations against Webull?
The lawsuit, captioned Ward v. Webull Corporation, No. 8:26-cv-03052 (M.D. Fla.), alleges that Webull and certain officers and/or directors made materially false or misleading statements, or failed to disclose, that: despite representations that Webull’s operations in mainland China were “limited to research and development and technical support functions,” Webull’s core platform, software development, data pipelines, and core engineering depended on PRC-based personnel and on technology infrastructure subject to Chinese law; Webull touted that personally identifiable information of its customers could not be accessed by non-U.S. employees without permission and oversight from U.S. personnel while concealing that its technology infrastructure and cross-border data routing were tied to China; Webull materially understated its operational dependence on the PRC and the regulatory risk created by that dependence; and as a result, Webull’s public statements were materially false and misleading and/or lacked a reasonable basis throughout the Class Period.
Why did Webull’s stock price drop?
On October 7, 2026, CNBC reported that the Select Committee found a “profound gap” between Webull’s representation as an American company and its actual control and operations. The report revealed that the Select Committee had found that Webull’s entire operating, ownership, financing, and compliance infrastructures are tied to China, and that despite stating it had no offices or employees in China, its mainland subsidiary actually employed 62% of Webull’s global workforce. Following this news, the price of Webull’s Class A ordinary shares fell approximately 19%, to close at $5.89 on October 7, 2026.
Which court is hearing the Webull lawsuit?
The case is pending in the U.S. District Court for the Middle District of Florida (Case No. 8:26-cv-03052) before Hon. John L. Badalamenti.
Can I recover money in the Webull case without becoming lead plaintiff?
Yes. Any Webull class member may remain an inactive class member and share in any recovery without serving as lead plaintiff or retaining separate counsel.
How do I know if I’m already part of the Webull class action?
If you purchased or acquired Webull securities during the Class Period (April 26, 2025 – October 6, 2026) and have a loss, you are likely a class member – no form or filing is required to be included. Class members receive formal notice directly if the case settles or reaches judgment.
What are the next steps if I’m eligible for the Webull lawsuit?
I lost money on Webull stock - is there anything I can do?
Check whether your purchase dates fall within the Class Period (April 26, 2025 – October 6, 2026). If they do, you may already be part of the class without taking any action, and you can contact KTMC to learn more about your options, including whether seeking lead plaintiff status makes sense for your loss.
Are institutional investors, like pension funds, eligible to seek lead plaintiff status in the Webull case?
Yes. Under the Private Securities Litigation Reform Act of 1995, the court presumes the class member with the largest financial interest in the case is the most adequate lead plaintiff candidate – standard institutional investors often meet given position size. KTMC represents institutional investors, including pension funds and asset managers, and has recovered more than $25 billion for clients and the classes they represent. Institutional investors considering lead plaintiff status in the Webull case should contact KTMC before the December 7, 2026, deadline.
Can current or former Webull employees join the lawsuit?
Yes, current and former Webull employees who purchased or acquired Webull securities during the Class Period may be eligible, subject to the same qualifying criteria as other investors.
Does submitting my information about the Webull case create an attorney-client relationship with KTMC?
No. Submitting the online form for the Webull case does not create an attorney-client relationship or any obligation for Kessler Topaz or the investor to pursue a lead plaintiff motion.
What’s the best law firm for Webull investors to work with?
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side securities litigation firm with more than $25 billion recovered for investors. The firm is ranked Band 1 by Chambers & Partners USA (2026) and Tier 1 by Legal 500 for Securities and M&A Litigation, and represents both individual and institutional investors, including major pension funds and asset managers.
Press Releases
Did you buy BULL securities between April 26, 2025 and October 6, 2026?
Affected BULL Investor Summary
- Who: Webull Corporation (NASDAQ: BULL)
- What: Securities fraud class action lawsuit filed
- Class Period: April 26, 2026 through October 6, 2026
- Deadline to Seek Lead Plaintiff Status: December 7, 2026
- Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company’s relationship with the People’s Republic of China (“PRC”)
- Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options
RADNOR, PA - November 12, 2026 (NEWMEDIAWIRE) - Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against Webull Corporation (“Webull”) (NASDAQ: BULL) on behalf of those who purchased or acquired Webull securities between April 26, 2025 and October 6, 2026, inclusive. The lawsuit is filed in the United States District Court for the Middle District of Florida and is captioned Ward v. Webull Corporation, No. 8:26-cv-03052 (M.D. Fla.). Investors have until December 7, 2026, to file for lead plaintiff status.
CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:
If you purchased or acquired Webull securities and have lost money on your investment, please provide your information here: https://www.ktmc.com/bull-webull-corporation-class-action-lawsuit?utm_source=NewMediaWire&utm_medium=pressrelease&utm_campaign=bull&mktm=PR
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. There is no cost or obligation to speak with an attorney.
WEBULL CORPORATION CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) despite representations that Webull’s operations in mainland China were “limited to research and development and technical support functions,” in truth, Webull’s core platform, software development, data pipelines, and core engineering depended on PRC-based personnel and on technology infrastructure subject to Chinese law; (2) Webull touted that personally identifiable information of Webull Financials’ customers could not be accessed by non-U.S. employees without permission and oversight from U.S. personnel while concealing that Webull’s technology infrastructure and cross border data routing were tied to China; (3) Webull materially understated its operational dependence on PRC and the regulatory risk created by that dependence; and (4) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHY DID WEBULL’S STOCK DROP?
On October 7, 2026, CNBC reported that the Select Committee found a “profound gap” between Webull’s representation as an American company and its actual control and operations. The report revealed that the Select Committee had found that Webull’s entire operating, ownership, financing, and compliance infrastructures are tied to China, and that despite stating it had no offices or employees in China, its mainland subsidiary actually employed 62% of Webull’s global workforce. On this news, the price of Webull’s Class A ordinary shares fell approximately 19%, to close at $5.89 on October 7, 2026.
WHAT WEBULL CORPORATION INVESTORS CAN DO NOW:
- File to be lead plaintiff by December 7, 2026.
- Contact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you.
- Retain counsel of choice or take no action.
THE LEAD PLAINTIFF PROCESS FOR WEBULL CORPORATION INVESTORS:
Webull investors may, no later than December 7, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages Webull investors to contact the firm for more information.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including being recognized in Chambers & Partners USA 2026 as a Band 1 Top Firm in Securities and Class Actions, Legal 500’s Tier 1 Rankings for Securities and M&A Litigation, The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. The complaint in this matter was not filed by KTMC.
CONTACT:
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
View the original release on www.newmediawire.com
Complete this form with your transactions in Webull Corporation securities between between April 26, 2025 through October 6, 2026.
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