Federman & Sherwood Announces Filing the first Securities Class Action Lawsuit Against Mullen Automotive, Inc. (NASDAQ: MULN), Jonathan New, and David Michery

Core Viewpoint - A class action lawsuit has been filed against Mullen Automotive Inc. for allegedly making materially false and misleading statements, violating federal securities laws, which has led to a significant drop in its share prices [1]. Group 1: Lawsuit Details - The lawsuit was filed in the U.S. District Court for the Central District of California on February 12, 2025, against Mullen and certain officers [1]. - The Complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 during the Class Period from February 3, 2023, to March 13, 2025 [1]. - The lawsuit seeks to recover damages for all Mullen investors who purchased securities during the Class Period [2]. Group 2: Impact on Share Prices - Following the disclosures revealing the truth about Mullen's operations, the company's share prices experienced a significant decline [1]. Group 3: Legal Representation - Federman & Sherwood, a law firm with extensive experience in securities class actions, is representing the plaintiffs [3]. - The Managing Partner, William B. Federman, has a history of serving as counsel for shareholders and has handled over sixty class action suits [3].