HUMBL LLC CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announce… – Press Release


LEAD PLAINTIFF DEADLINE IS JULY 18, 2022

NEW YORK and SAN DIEGO, May 26, 2022 /PRNewswire/ —  Wolf Haldenstein Adler Freeman & Herz LLP  announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of California against Humbl LLC (“Humbl” or the “Company”) HMBL common stock and/or the unregistered Humbl ETX securities between November 21, 2020 and May 19, 2022, inclusive (the “Class Period”).

All investors who purchased the shares of Humbl LLC and incurred losses are advised  to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.

If you have incurred losses in Humbl LLC you may, no later than July 18, 2022, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Humbl LLC.

PLEASE CLICK HERE TO JOIN THE CASE 

The filed complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors:

  • that the HUMBL Pay App did not have even the basic functionality that it promised investors; and
  • that several of its hyped international business partnerships had a very low chance of contributing material revenues to the Company’s bottom line; and
  • as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On May 20, 2021, Hindenburg Research published a research report which alleged, among other things, that basic features of Humbl’s Pay App were not functioning, and that there was no way to send, receive, and request money between users….