Important Information for Mullen Automotive, Inc. (MULN, NETE) Investors: Rosen Law Firm Reminds of Class Action Lawsuit and Lead Plaintiff Deadline
New York, NY – March 13, 2025
Rosen Law Firm, a global investor rights law firm, reminds purchasers of Mullen Automotive, Inc. (NASDAQ: MULN, NETE) securities between February 3, 2023, and March 13, 2024 (the “Class Period”), of the important deadlines in the securities class action lawsuit. The lawsuit alleges that Mullen Automotive and certain of its top executives made materially false and misleading statements and failed to disclose material information.
Background
Mullen Automotive is an emerging electric vehicle (“EV”) manufacturer. The company’s business model includes designing, engineering, manufacturing, and selling EVs. Mullen Automotive’s flagship product is the Mullen FIVE, an all-electric crossover SUV. The company also offers various other EV models, such as the Mullen DEXTER, a pickup truck, and the Mullen FIVE FUTURE, a semi-autonomous vehicle.
Allegations
The class action lawsuit alleges that Mullen Automotive and certain of its top executives misrepresented the company’s financial condition and business prospects. Specifically, the complaint alleges that Mullen Automotive and its executives:
- Overstated the company’s financial performance and growth prospects;
- Misrepresented the progress of the Mullen FIVE’s development;
- Failed to disclose material information regarding the company’s liquidity and cash burn rates;
- Made false and misleading statements regarding the company’s regulatory compliance;
Effect on Individual Investors
If you purchased Mullen Automotive securities during the Class Period, you may be able to recover your losses. The lead plaintiff deadline is April 14, 2025. To join the class action, you must file a motion no later than this date. If you wish to serve as lead plaintiff, you must meet certain requirements and must file a motion no later than March 24, 2025.
The lead plaintiff will act on behalf of all other class members in the lawsuit. The lead plaintiff will also be entitled to certain representation in the case, including counsel fees and expenses. The lead plaintiff deadline is an important deadline and investors are encouraged to contact Rosen Law Firm as soon as possible to discuss their potential recovery.
Effect on the World
The Mullen Automotive class action lawsuit highlights the importance of truthful disclosures by publicly traded companies. The allegations in the lawsuit, if proven true, could have significant consequences for the EV industry and investors. Investors rely on accurate and timely information to make informed decisions about their investments. Misrepresentations and failures to disclose material information can result in significant losses for investors and undermine public confidence in the markets.
Conclusion
If you purchased Mullen Automotive securities between February 3, 2023, and March 13, 2024, and believe that you have suffered losses as a result of the alleged misrepresentations and failures to disclose material information, you may be entitled to recover your losses. The lead plaintiff deadline is April 14, 2025. To join the class action, you must file a motion no later than this date. If you wish to serve as lead plaintiff, you must file a motion no later than March 24, 2025. Contact Rosen Law Firm to discuss your potential recovery.
The Mullen Automotive class action lawsuit serves as a reminder of the importance of truthful disclosures by publicly traded companies. Misrepresentations and failures to disclose material information can result in significant losses for investors and undermine public confidence in the markets. If you are an investor in Mullen Automotive or any other publicly traded company, it is important to stay informed about the company’s financial condition and business prospects. Contact Rosen Law Firm for a free consultation to discuss your potential recovery.
