Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Humbl LLC (HMBL) on Behalf of Investors
Glancy Prongay & Murray LLP ("GPM"), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Humbl LLC ("Humbl" or the "Company") (OTC: HMBL) investors concerning the Company's possible violations of the federal securities laws.
If you suffered a loss on your Humbl investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/humbl-llc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
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. Furthermore, the report also stated that many merchants using the Humbl marketplace wre not actually using Humbl.
On this news, Humbl's stock fell $0.22, or 22.4%, to close at $0.76 on May 20, 2021, thereby injuring investors.
Then, on February 14, 2022, Humbl announced that it was suspending its Exchange Traded Index ("ETX") subscription program.
Whistleblower Notice: Persons with non-public information regarding Humbl should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.