Press release
Mullen Automotive, Inc. (NASDAQ: MULN) Investor Alert: Deadline in Lawsuit on April 14, 2025
A Deadline is coming up on April 14, 2025 in the lawsuit for certain investors in Mullen Automotive, Inc. (NASDAQ: MULN).
Investors who purchased shares of Mullen Automotive, Inc. (NASDAQ: MULN) have certain options and there are strict and short deadlines running. Deadline: April 14, 2025. NASDAQ: MULN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges on behalf of purchasers of Mullen Automotive, Inc. (NASDAQ: MULN) common shares between February 3, 2023 and March 13, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 3, 2023 and March 13, 2024, the defendants made false and misleading statements and/or failed to disclose that Mullen Automotive, Inc. had no intent of implementing a reverse stock split when in-fact the Chief Executive Officer David Michery ("CEO" or "Michery"), and Mullen believed one was imminent and necessary, that Mullen Automotive, Inc. overstates its deals with business partners, including Rapid Response Defense Systems ("RRDS") and Mullen Advanced Energy Operations, LLC ("MAEO"), that Mullen Automotive, Inc. overstates its battery technology capabilities and partnerships (i.e., Lawrence Hardge related allegations), that Mullen Automotive, Inc. misled the investing public about its reverse splits, that Mullen Automotive, Inc. and Michery knew or should have known about Lawrence Hardge's previous convictions for financial crimes and moral turpitude and disclosed this information to investors, that Mullen Automotive, Inc. failed to disclose material information about its financing agreements, and that as a result, defendants' public statements were materially false and/or misleading at all relevant times.
Those who purchased shares of Mullen Automotive, Inc. (NASDAQ: MULN) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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