Mullen Automotive, Inc. f/k/a Net Element, Inc.

Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Mullen Automotive, Inc. f/k/a Net Element, Inc. (NASDAQ: MULN, NETE) between June 15, 2020 and April 6, 2022, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Mullen investors under the federal securities laws. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 5, 2022.

If you purchased Mullen securities between June 15, 2020 and April 6, 2022 and would like to join the prospective action, please click “Join This Class Action.”

Class Period:June 15, 2020 through April 6, 2022
If you purchased Mullen securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • Mullen overstates its ability and timeline regarding production;
  • Mullen overstates its deals with business partners, including Qiantu Motors;
  • Mullen overstates its battery technology and capabilities;
  • Mullen overstates its ability to sell its branded products;
  • Net Element did not conduct proper due diligence into Mullen Technologies;
  • the Dragonfly K50 was not (solely) delayed due to the COVID-19 pandemic; and
  • as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Mullen Automotive, Inc.
Stock Symbol: MULN
Class Period: June 15, 2020 through April 6, 2022
Court: United States District Court for the Central District of California

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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