
Kewaunee Scientific Corporation (KEQU)
Whether directors and officers of Kewaunee Scientific Corporation (KEQU) breached their fiduciary duties to the company and its shareholders.
Investigation
02/14/2022
Initial Lawsuit
05/19/2022
Lawsuit Progression
07/18/2022
Are HUMBL’s BLOCK Exchange Traded Index (ETXs) products, in fact, unregistered securities? Did the company mislead investors regarding its PAY app? These questions are to be answered by a judge, the company, or investors themselves. We have opened this page for investors to gather facts, findings, track related lawsuits. From the issuance of the product until its suspension following company dialogue with the U.S. Securities and Exchange Commission (SEC).
We do not trade, own, or maintain any position in any stock mentioned, ever. We invite investors and shareholders to contribute to investigations for their own benefit, add events to the factual timeline below and vote on events pertinence for the same reason.
A lawsuit was subsequently filed. We will update this post as it unfolds.
Updated 5/31/2022.
02/14/2022
HUMBL announces the suspension of its BLOCK ETX subscription products, explaining that customers are not required to take any action because subscriptions will be automatically canceled and monthly subscription fees for January and February 2022 will be refunded.
“We do not believe that our non-custodial, algorithmically driven, software-as-a-service BLOCK ETX subscription products are securities, nor that the underlying digital assets are securities,” said HUMBL CEO, Brian Foote. “However, after additional dialogue with the SEC surrounding our S-1 filing, we’ve determined this is the best path forward in the approval process.”
See more on Factual TimelineAn investor filed this federal securities class action on behalf of a class consisting of all persons and entities other than defendants that purchased or otherwise acquired HUMBL common stock and/or the unregistered HUMBL BLOCK Exchange Traded Index (ETXs) securities between November 21, 2020 and May 19, 2022, both dates inclusive.
According to the complaint, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, defendants allegedly failed to disclose to investors:
(1) that the HUMBL Pay App did not have even the basic functionality that it promised investors; and
(2) that several of its hyped international business partnerships had a very low chance of contributing material revenues to the company’s bottom line; and
(3) as a result, the company’s public statements were materially false and misleading at all relevant times.
The lead plaintiff deadline has passed, we will update this page as the lawsuit progresses.
Last event retrieved on 09/28/2022.
Whether directors and officers of Kewaunee Scientific Corporation (KEQU) breached their fiduciary duties to the company and its shareholders.
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