FINAL DEADLINE TUESDAY: The Schall Law Firm Encourages Investors in Mullen Automotive, Inc. with Losses of $100,000 to Contact the Firm
ACCESSWIRE 02 Jul 2022, 09:13 GMT+10
LOS ANGELES, CA / ACCESSWIRE / July 1, 2022 /The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Mullen Automotive, Inc. f/k/a Net Element, Inc. ('Mullen' or 'the Company') (NASDAQ:MULN) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between June 15, 2020 and April 6, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before July 5, 2022.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Mullen overstated both its production abilities and timeline. The Company overstated its business activities with partners such as Qiantu Motors. The Company exaggerated the strength of its battery technology. The Company's Dragonfly K50 was not exclusively delayed by the COVID-19 pandemic. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Mullen, investors suffered damages.