Important Information for Investors: Rosen Law Firm Announces Securities Class Action Lawsuit Against Mullen Automotive, Inc.
New York, NY, February 27, 2025 – Rosen Law Firm, a leading global investor rights law firm, reminds purchasers of securities of Mullen Automotive, Inc. (NASDAQ: MULN, formerly known as Net Element, Inc. – NETE) between February 3, 2023, and March 13, 2024 (the “Class Period”), of the important April 14, 2025 lead plaintiff deadline.
Background of the Case:
Mullen Automotive, Inc. is an emerging electric vehicle (“EV”) manufacturer and technology company with a mission to be the most accessible and affordable mobility solution. The Company’s primary focus is the development, production, and sale of EVs.
Allegations:
The complaint alleges that during the Class Period, Mullen Automotive, Inc. made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and financial condition. Specifically, the complaint alleges that the Company misrepresented its production capabilities and timeline for its EVs, as well as its financial condition and cash position.
Impact on Individual Investors:
If you purchased Mullen Automotive, Inc. securities during the Class Period, you may be entitled to compensation. The lead plaintiff deadline is April 14, 2025. To learn more about the class action or to join the case, please contact the Rosen Law Firm by calling 212-614-5448 or submitting the form on the firm’s website: www.rosenlegal.com/cases-register-2129.html
Impact on the World:
The securities class action lawsuit against Mullen Automotive, Inc. may have far-reaching implications for the EV industry as a whole. The allegations of misrepresentation and mismanagement could potentially damage the reputation of Mullen Automotive and deter investors from the sector. Additionally, if the allegations are proven true, it could lead to increased regulatory scrutiny and potential changes in reporting requirements for EV manufacturers.
Conclusion:
If you purchased Mullen Automotive, Inc. securities during the Class Period, it is important that you do not wait to take action. The lead plaintiff deadline is April 14, 2025. Contact the Rosen Law Firm today to learn more about your rights and potential compensation.
- Mullen Automotive, Inc. is facing a securities class action lawsuit.
- The lawsuit alleges that the Company misrepresented its production capabilities and financial condition.
- Individual investors who purchased Mullen Automotive, Inc. securities during the Class Period may be entitled to compensation.
- The lead plaintiff deadline is April 14, 2025.
- The lawsuit could have implications for the EV industry as a whole.
