#United States #New York #class action lawsuit #Pomerantz Law #Mullen Automotive

Investor Alert: Mullen Automotive Class Action Lawsuit

The Pomerantz Law Firm has issued an important notice to investors who have experienced losses related to their investments in Mullen Automotive, Inc. (NASDAQ: MULN). A class action lawsuit has been officially filed against Mullen, targeting allegations of securities fraud and other misconduct committed by the company's leadership. This article outlines the details of the case, the ongoing proceedings, and the steps for affected investors to take.

Overview of the Allegations

Pomerantz LLP informs that the class action lawsuit revolves around claims that Mullen and its directors made inaccurate and misleading statements regarding the company's operations and financial practices. According to the case, there are serious allegations that the Mullen leadership had no intention of executing a reverse stock split, despite considering it imminent. Investors were possibly mislead about partnerships with companies such as Rapid Response Defense Systems and Mullen Advanced Energy Operations, LLC (MAEO), including the accuracy of its battery technology capabilities. The lawsuit points to several other crucial factors that reflect potential securities fraud, including misleading information about financing agreements, and the criminal history of a partner's founder in the MAEO joint venture.

Important Dates and Steps for Investors

Investors who purchased or acquired Mullen securities during the specified Class Period can express their intention to take part in the proceedings by contacting the law firm. The deadline to apply for the appointment of Lead Plaintiff in this class action is April 14, 2025. Those interested are encouraged to reach out via email to Danielle Peyton at [email protected] or call 646-581-9980, mentioning pertinent details such as name, telephone number, and number of shares owned.

Background on Pomerantz LLP

Pomerantz LLP has a well-established reputation as a leader in corporate, securities, and antitrust class litigation. The firm has a legacy spanning more than 85 years, founded by Abraham L. Pomerantz, who is widely recognized for pioneering the field of securities class actions. Over the years, they have successfully recovered numerous multi-million dollar awards for investors harmed by corporate misconduct and fraud.

Conclusion

The filing of this lawsuit represents a significant step for investors in Mullen Automotive, as it aims to address concerns over transparency and accountability within the company. Affected investors are urged to stay informed and reach out to Pomerantz LLP for guidance on how to join this important class action. Investors should also consider this situation as a reminder of the potential risks inherent in the financial markets, emphasizing the importance of due diligence and seeking professional legal advice when necessary.