Hub Cyber Security Reaches $11 Million Settlement Approval
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: PRnewswire
- Settlement Amount: Hub Cyber Security Ltd. has proposed a settlement of $11 million aimed at compensating investors who purchased its stock between March and July 2023, which, if approved, will provide financial relief to affected shareholders.
- Class Action Certification: The U.S. District Court for the Southern District of New York has certified the case as a class action, encompassing all damaged investors who acquired Hub stock during the specified period, ensuring their rights are protected in the settlement process.
- Hearing Schedule: A hearing set for June 29, 2026, will evaluate the fairness and reasonableness of the proposed settlement, and if approved, will facilitate the resolution of all related claims, moving the case towards final closure.
- Claims Process: Affected investors must submit a claim form by May 13, 2026, to be eligible for the settlement fund, underscoring the importance of timely action to secure compensation from the settlement.
Analyst Views on HUBC
About HUBC
Hub Cyber Security Ltd, former Hub Cyber Security Israel Ltd, is an Israel-based company specializing in cyber security solutions to protect commercial and government information. Hub Cyber Security Israel Ltd delivers encrypted computing solution aimed at preventing hostile intrusions at the hardware level and introduce a set of data theft prevention solutions. The Company provides cybersecurity computing appliances as well as cybersecurity professional services worldwide. It's product portfolio includes Secure Compute Platform - enabling Confidential computing ; Healthcare & AI Security- that allows a safe environment for machine learning and AI healthcare processes ; D.Storm - simulation platform; Quantum Secured Cloud Workspace that enables a secure work environment for cloud-based documents, Quantum Ransomware Cure that enables to decrypt and restore every object in the backup; RAM Commander a cloud-based System as a Software (SaaS) solution for systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
