The Law Offices of Frank R. Cruz Announces Investigation of Humbl LLC (HMBL) on Behalf of Investors
The Law Offices of Frank R. Cruz announces an investigation of Humbl LLC ("Humbl" or the "Company") (OTC: HMBL) on behalf of investors concerning the Company's possible violations of federal securities laws.
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On May 20, 2021, Hindenburg Reserch 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. Furthermore, the report also stated that many merchants using the Humbl marketplace were not actually using Humbl.
On this news, Humbl's stock fell $0.22, or 22.4%, to close at $0.76 on May 20, 2022, thereby injuring investors.
Then, on February 14, 2022, Humbl announced that it was suspending its Exchange Traded Index ("ETX") subscription program.
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If you purchased Humbl securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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