Core Viewpoint - Rosen Law Firm has announced the filing of a class action lawsuit on behalf of purchasers of Mullen Automotive, Inc. securities between February 3, 2023, and March 13, 2024, due to alleged misleading statements and failures to disclose material information by the company and its executives [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that Mullen Automotive made false and misleading statements regarding its intent to implement a reverse stock split, overstated deals with business partners, and misrepresented its battery technology capabilities [5]. - Specific allegations include the failure to disclose the CEO's belief in the necessity of a reverse stock split, misleading information about financing agreements, and the prior convictions of a key individual associated with the company [5]. Group 2: Participation Information - Investors who purchased Mullen securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6].
MULN Investors Have Opportunity to Lead Mullen Automotive, Inc. Securities Fraud Lawsuit