Salvatore Palella and micromobility.com Secure Major Court Victory: The U.S. District Court for the Southern District of New York Declines to Certify Class Action

NEW YORK--(BUSINESS WIRE)--micromobility.com Inc. today announced that, in its Opinion and Order dated July 8, 2026, issued in Barron v. micromobility.com Inc. et al., Case No. 1:20-cv-04703 (PKC), the United States District Court for the Southern District of New York denied plaintiffs’ motion for class certification in the litigation relating to Helbiz Coin.

Further, the plaintiffs in the action (Ryan Barron, Grant Echols, Daniel Grieves, and Andrew Szklarek) and their counsel failed to timely seek to appeal the District Court’s decision, and the appeal period has expired. As a result, the Court’s denial of class certification is now final, bringing to a close, after more than six years of litigation, the effort to pursue these claims as a class action.

The ruling represents one of the most significant procedural milestones in the case and marks a major litigation victory for micromobility.com and its founder. The Court previously dismissed twelve of the original sixteen named plaintiffs who refused to participate in discovery or personally appear in the action. In this most recent and strongly worded decision, the Court found that the remaining four plaintiffs failed to demonstrate at least two fundamental requirements, which was fatal to their class certification claim.

Salvatore Palella, Founder of micromobility.com, former Chief Executive Officer and the Company’s largest shareholder through Palella Holdings, commented:

“For more than six years, both my name and the Company have been associated with a bogus class action that generated thousands of news articles, television reports and widespread public speculation around the world. Today, that proposed class action no longer exists. A United States federal court denied class certification, and the plaintiffs themselves chose not to appeal that decision.

This is an extremely important moment for me, for the Company and for everyone who continued to believe in the integrity of our conduct. We placed our trust in the American judicial system from day one and chose to defend ourselves exclusively in court, not through media campaigns or public relations.

I want to thank our outstanding legal team, the company’s shareholders, employees, business partners, my family and everyone who stood by us throughout this process.

I have devoted enormous resources to defending not only myself but also the Company and others wrongly named in this lawsuit. I made that commitment because I firmly believe in the merits of our position and in the fairness of the U.S. legal system. I feel vindicated and look forward to finally disposing of this baseless litigation.

We will continue to vigorously defend the Company in the remaining phases of the case with the same determination and confidence that the facts and the law will ultimately prevail.”

Gian Luca Spriano, Chief Executive Officer of micromobility.com, added:

“The Court’s denial of class certification represents a highly significant milestone for the Company. We can now devote our attention to executing our strategic plan, expanding our business and creating long-term value for our shareholders. We remain committed to the highest standards of corporate governance, transparency and accountability, while maintaining complete confidence in the U.S. judicial system and in the integrity of our actions.”

Over the past six years, the Barron case has received extensive international media coverage, generating thousands of news articles, television reports and online publications. Despite the Defendants’ steadfast denials, allegations that remained unproven and subject to judicial review were falsely presented as established facts.

In light of the Court’s ruling and plaintiffs’ decision not to appeal, micromobility.com and Salvatore Palella have instructed their legal counsel to conduct a comprehensive review of publications issued over the past six years in order to evaluate all appropriate actions to protect the reputation of the Company, its founder, its shareholders and all other stakeholders.

That review will also include media reports and television programs that devoted substantial coverage to the Barron case, including broadcasts that placed significant emphasis on the proposed class action, where the facts may have been presented inaccurately, misleadingly or inconsistently with the actual procedural posture of the litigation.

The Company will continue to vigorously defend its interests throughout the remaining stages of the proceedings while maintaining full confidence in the United States judicial system.

About micromobility.com

micromobility.com Inc. is an international mobility and technology company focused on sustainable urban transportation solutions. The Company is committed to developing innovative mobility platforms while creating long-term value for customers, business partners and shareholders.

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