U.S. District Court Dismisses Securities Class Action Against HUMBL, Inc.
Rhea-AI Summary
HUMBL (OTC: HMBL) announced that the U.S. District Court for the District of Delaware dismissed, with prejudice, the Second Amended Class Action Complaint against the company and certain current and former officers and directors.
In a Memorandum Order dated December 19, 2025, the court granted motions to dismiss, ruled further amendment would be futile, and terminated the dismissed defendants from the action. The company characterized the dismissal as a final adjudication of the claims and said it will refocus on long-term shareholder value.
Positive
- Dismissal with prejudice on December 19, 2025
- Court found plaintiffs failed to plead viable securities claims after three attempts
Negative
- Class action previously created potential brand damage, time and cost burdens
- Prior litigation diverted management focus and partnerships
News Market Reaction
On the day this news was published, HMBL declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
San Diego, California, Dec. 22, 2025 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTC: HMBL) today announced that the United States District Court for the District of Delaware has dismissed, with prejudice, the Second Amended Class Action Complaint filed against the Company and certain current and former officers and directors, fully terminating the claims against those defendants.
In a detailed Memorandum Order issued on December 19, 2025, the Honorable Jennifer L. Hall, United States District Judge, granted motions to dismiss filed by HUMBL and the other moving defendants, concluding that the plaintiffs failed, after three attempts, to plead viable claims against the company under the federal securities laws.
The Court ruled that further amendment would be futile and ordered the claims dismissed with prejudice. As ordered by the Court, HUMBL, Inc. and the other dismissed defendants have been terminated from the action.
“This ruling brings final resolution to claims that the Court has now determined, after extensive review, fail as a matter of law,” said Greg Hopkins, CEO of HUMBL. “Class action litigation can create great difficulty for companies in terms of brand damage, time, money, focus and partnerships,” continued Hopkins. “We appreciate the Court’s careful and thorough analysis and believe this outcome now allows the Company to drive ahead, fully-focused, on growing long-term value for our shareholders.”
The Company notes that the dismissal with prejudice represents a final adjudication of the claims asserted against HUMBL and the dismissed defendants in this action.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. Actual results may differ materially due to risks and uncertainties. HUMBL undertakes no obligation to update forward-looking statements except as required by law.
Contact: PR@Humbl.com
FAQ
What did the December 19, 2025 court order say about HUMBL (HMBL)?
Does 'dismissed with prejudice' mean the claims against HUMBL (HMBL) are final?
Which court dismissed the securities class action against HUMBL (HMBL)?
How many attempts did plaintiffs make to plead claims against HUMBL (HMBL)?
What immediate effect did HUMBL (HMBL) cite after the court's dismissal?
