Philadelphia, October 12 (Reuters/ PR Newswire ) – Berger Montague, a nationally leading plaintiff law firm, announced that it has filed a class action lawsuit titled Ward v. Webull Corporation, et al., No .26- cv-03052 (United States District Court for the Central District of Florida). The defendant is Webull Corporation (Nasdaq ticker: BULL) (hereinafter referred to as “Webull” or “the Company”). This lawsuit represents investors who purchased or acquired Webull securities between April 26, 2025, and October 6, 2026. The deadline to apply to serve as a lead plaintiff is December 7, 2026.

Q&A

What is this lawsuit about?

According to the lawsuit, the relevant defendants made false and/or misleading statements, and/or failed to disclose the following facts: (1) The business of Webull in Mainland China is not limited to research and development and technical support functions; (2) The ownership structure, technical team, technical infrastructure, cross-border data routing, financing, and compliance structure of Webull are structurally connected to China; and (3) Therefore, Webull's claim that its main business operations are located in the United States and that its customer data in the U.S. is protected from access by non-U.S. parties substantially exaggerates the independence of Webull from China.

What kind of company is Webull?

Webull is headquartered in St. Petersburg, Florida, and also has offices in New York City. It is a digital investment platform established in 2016 that provides retail investors with access to the global financial markets.

What do I need to do?

Investors who purchased or acquired Webull securities during the class action period may apply to be designated as representatives for all members no later than December 7, 2026, by lead plaintiff.

If you are an investor Webull and wish to learn more about this lawsuit or discuss your rights, you may contact Berger Montague at: Andrew Abramowitz, email [email protected], phone (215) 875-3015; or Caitlin Adorni at: email protected, phone (267) 764-4865; you may also visit their website.

About Berger Montague

Berger Montague is one of the most renowned law firms in the United States for complex civil litigation, class actions, and large-scale tort cases, with its practice covering both federal and state courts across the country. In 2025 alone, the amount of compensation awarded in judgments brought by this firm exceeded $2.4 billion; it holds a leading position in various fields such as complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases. For over 55 years, Berger Montague has played a leading role in precedent-setting cases, securing more than $50 billion in compensation for its clients and the groups they represent. The firm is headquartered in Philadelphia and has offices in Chicago, Malvern, Pennsylvania, Minneapolis, San Diego, San Francisco, Toronto, Canada, Washington, D.C., and Wilmington, Delaware.

For more information or to discuss your rights, please contact:

Andrew Abramowitz

Caitlin Adorni