Webull (BULL) Faces Securities Class Action Amid House Committee Findings: “Profound Gap” Between Company Statements and Operational Reality – HBSS

Webull Corporation faces a federal securities class action lawsuit alleging misrepresentations about its business structure and China operations. A House Select Committee report confirmed that Webull's data practices expose U.S. investors to PRC surveillance risks, its governance is dominated by PRC-linked control, and its subsidiary accepted conditional CCP government funding. The stock fell approximately 19% to $5.89 per share following the committee's findings. The class period runs from April 26, 2025 to October 6, 2026, with a lead plaintiff deadline of December 7, 2026.