Hub Securities Class Action Settlement
Average estimated recovery of $0.12 per share of Hub common stock (before deduction of court-approved fees, expenses and costs)
Last verified July 13, 2026Source: claimdepotHow ClaimWatch verifies cases
This settlement is closed to new claims. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →
What happened
Hub Securities and its executives allegedly violated federal securities laws by making materially false and misleading statements regarding a $50 million private investment facility, the strength of internal controls amid embezzlement by corporate insiders, and misrepresenting the company's financial status and product readiness. The defendants deny all allegations of wrongdoing.
Do you qualify?
Settlement Class includes holders of Mount Rainier or Legacy Hub securities converted to Hub Securities on March 1, 2023, and all persons who purchased Hub Securities in the open market from March 1, 2023 through July 31, 2023.
How to file
Class members should file a claim by visiting the settlement website or contacting Lead Counsel at Glancy Prongay & Murray LLP (310-201-9150, settlements@glancylaw.com) or Jacob Sabo, Esq. (++972-39070770, jsabo53@gmail.com). A deadline for claim submission is not specified on this page.
Common questions
- How much does the Hub Securities Class Action Settlement pay?
- Estimated payout: Average estimated recovery of $0.12 per share of Hub common stock (before deduction of court-approved fees, expenses and costs). The total settlement fund is $11M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
- Is the Hub Securities Class Action Settlement notice real, or a scam?
- Not stated is the settlement administrator for this case. Claims are filed at hubsecuritiessettlement.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
- When will payments from the Hub Securities Class Action Settlement be sent?
- Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. Payments cannot be issued until the court grants final approval and any appeals are resolved.
Who's involved
Counsel for plaintiffs
- Casey E. SadlerGlancy Prongay & Murray LLP
- Jacob SaboLaw offices of Jacob Sabo
Parties and counsel from the public court docket. Listing an attorney here isn't an endorsement, and ClaimWatch isn't affiliated with any of them.
New to class actions?
This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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Up to $0.79