Press release
Investigation announced for Investors who lost money with shares of Mullen Automotive, Inc. (NASDAQ: MULN)
An investigation for investors in Mullen Automotive, Inc. (NASDAQ: MULN) shares over potential securities laws violations.
Investors who purchased shares of Mullen Automotive, Inc. (NASDAQ: MULN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Mullen Automotive, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Mullen overstates its ability and timeline regarding production, that Mullen overstates its deals with business partners, including Qiantu Motors, that Mullen overstates its battery technology and capabilities, that Mullen overstates its ability to sell its branded products, that Net Element did not conduct proper due diligence into Mullen Technologies, that the Dragonfly K50 was not (solely) delayed due to the COVID-19 pandemic, 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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