#USA #New York #Class Action #Bronstein Gewirtz #Mullen Automotive

Mullen Automotive Class Action Lawsuit

Mullen Automotive, Inc. has come under fire as a class action lawsuit has been filed against the company and selected officers by prominent law firm Bronstein, Gewirtz & Grossman, LLC. The lawsuit stems from claims of misleading statements and failure to disclose critical information that inflicted substantial financial losses on investors.

Class Definition

The lawsuit aims to represent all individuals and entities who acquired Mullen's securities from February 3, 2023, to March 13, 2024. During this period, the firm alleges that the defendants engaged in numerous unethical practices that violated federal securities laws. Investors who experienced losses are urged to take action now through the form provided at bgandg.com/MULN.

Allegations Against Mullen

The complaint reveals several alarming allegations against Mullen Automotive and its executives:
1. Intentions on Reverse Stock Splits: The lawsuit states that Mullen officials, including CEO David Michery, had plans for a reverse stock split, which they publicly denied, misleading investors in the process.
2. Exaggerated Partnership Deals: Allegations have surfaced that Mullen may have overstated collaborations and contracts with partners such as Rapid Response Defense Systems and Mullen Advanced Energy Operations.
3. Overstated Battery Technology Claims: The lawsuit points to discrepancies regarding Mullen’s claims about their battery technology capabilities and the full integrity of their partnerships.
4. Misleading Public Statements: Throughout the class period, statements made by Mullen were misleading, resulting in investor losses when the actual circumstances were eventually revealed.
5. Failure to Disclose Conflicts of Interest: Concerns have been raised regarding Mullen's decision not to disclose the criminal history of Lawrence Hardge, a crucial partner in their operations, which could have influenced the investment decisions of many.
6. Lack of Transparency: The firm argues that Mullen failed to provide crucial information regarding their financing agreements, mismanagement that could severely impact shareholders.

Next Steps for Investors

Affected investors have until April 14, 2025, to apply for a role as the lead plaintiff in this lawsuit. Interested parties can review the full Complaint document through the firm's website or directly contact the firm's representatives, Peretz Bronstein or Nathan Miller, who are ready to assist potential plaintiffs.

No Upfront Cost

One of the significant advantages for investors pursuing this class action is the contingency fee structure. Bronstein, Gewirtz & Grossman, LLC represents clients without any upfront costs. They only seek reimbursement for expenses and attorney fees if the case results in a victory for their clients.

Why Choose Bronstein, Gewirtz & Grossman?

This law firm is well-regarded across the nation for its expertise in handling securities fraud cases. They have a track record of recovering hundreds of millions of dollars for investors facing injustices similar to those alleged against Mullen. Through consistent updates and comprehensive legal representation, clients can feel confident during this tumultuous time.

Stay Informed

Investors are encouraged to follow the firm on social media platforms such as LinkedIn, Twitter, Facebook, and Instagram for real-time updates and developments on the case outcome.

In conclusion, if you are among the investors affected by Mullen Automotive's actions, now is the time to join the class action lawsuit. This case presents a crucial opportunity to claim damages while pushing for corporate accountability and transparency in the securities market.