Twersky Law Group, a highly regarded and reputable law firm based in New York, wishes to inform investors about a significant development in the form of a class action lawsuit against HUB Cyber Security Ltd. (“HUB” or “the Company) (NASDAQ: HUBC) and certain officers of the company. This lawsuit has been filed on behalf of all individuals and entities that held, purchased, or otherwise acquired HUB securities from February 25, 2023, through March 7, 2023 (the “Class Period”). Investors who acquired HUB securities during this defined timeframe are strongly encouraged to participate in this case by contacting atara@twerskylawgroup.com. The deadline to file a motion for appointment of lead plaintiff is September 5, 2023.
The fundamental objective of this class action lawsuit is to recover for the benefit of investors who purchased HUB securities during the Class Period, the losses they sustained as a consequence of the misleading statements made by Defendants in violation of the federal securities laws.
ALLEGATIONS AGAINST HUB CYBER SECURITY LTD.
The complaint filed brings one claim against the Company pursuant to Section 12(a)(2) of the Securities Act of 1933 on behalf of persons who received HUB stock in the Merger.
ABOUT HUB CYBER SECURITY LTD.
What is HUB Cyber Security Ltd?
- HUB Security is a real company that specializes in providing advanced cybersecurity solutions for securing digital assets, particularly those related to blockchain, cryptocurrencies, and fintech applications. Based in Israel, HUB Security offers a range of products and services designed to protect sensitive data and cryptographic keys against sophisticated cyber threats.
What does HUB offer?
- One of the key offerings from HUB Security is their Hardware Security Module (HSM) solution. HSMs are dedicated hardware devices that securely generate, store, and manage cryptographic keys and perform cryptographic operations. HUB Security’s HSMs are specifically designed to meet the demanding security requirements of the blockchain and cryptocurrency industry. They offer protection against physical attacks, tampering, and unauthorized access, ensuring the integrity and confidentiality of cryptographic keys.
- HUB Security’s HSMs also support multi-party computation (MPC), which enables secure key management and cryptographic operations even in a distributed and collaborative environment. This technology allows multiple parties to jointly perform cryptographic operations without revealing their private keys, thereby enhancing security and reducing the risk of key exposure.
- In addition to HSMs, HUB Security provides other cybersecurity solutions and services such as secure cloud storage, secure network communication, and secure software development. They work with organizations across various industries, including financial institutions, blockchain companies, fintech startups, and government agencies, helping them protect their digital assets and infrastructure.
Who is HUB’s CEO?
- Uzi Moskowitz is the CEO of HUB Cyber Security Ltd. He was previously the Company’s Executive Chairman and replaced former Company President Eyal Moshe. Moshe remains as a member of the Board as well and his decision to resign as Chief Executive Officer was not the result of any disagreement with the Company on any matters relating to the Company’s operations, policies or practices.
JOIN THIS CASE
It is important to note that a class action lawsuit has already been filed in connection with these allegations. Therefore, for those who suffered financial losses in their investments in HUB during the Class Period, there is a limited opportunity to seek appointment as a lead plaintiff. This process entails requesting the Court to designate them as the primary representative on behalf of the entire Class. The deadline for submitting such a request is September 5, 2023. It is important to emphasize that while becoming a lead plaintiff can offer certain advantages, participation in the recovery process and the potential for financial compensation does not mandate serving as a lead plaintiff.
Twersky Law Group, a distinguished legal firm renowned for its attorneys expertise in handling securities fraud class actions and shareholder derivative suits, who have a long-standing track record of successfully recovering significant sums of money for investors nationwide. With an unwavering commitment to seeking justice for their clients, the firm’s attorneys are resolute in pursuing fair compensation on behalf of those affected by alleged securities law violations. As with any legal matter, it is essential to understand that this announcement constitutes attorney advertising. Past case outcomes and results achieved do not guarantee similar outcomes in this particular case.
Investors who believe they may qualify as potential Class members in the class action lawsuit against HUB are strongly encouraged to reach out directly to the firm for further information and assistance. The knowledgeable legal professionals at Twersky Law Group stand ready to provide guidance and support to investors seeking to protect their rights and pursue the recovery they deserve.
ABOUT US
For more information as well as to join this case please contact Atara Twersky, Esq. at atara@twerskylawgroup.com. Atara is Principal at Twersky Law Group and of counsel at AF&T Law Firm where she is director of Investor Services. Atara focuses her practice on assisting her clients with increasing their investment portfolio recoveries and ensuring that their portfolios remain healthy and robust. For more information on shareholder recoveries, listen to Atara ’s Pension and Investments Podcast with notable guests in the pension fund Industry that discusses various matters relating to investment portfolios. For more information on Atara and her legal work pertaining to shareholder protection click here.
