MULN, NETE Investors Have Opportunity to Lead Mullen Automotive, Inc. f/k/a Net Element, Inc. Securities Fraud Lawsuit

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Mullen Automotive, Inc. securities during the specified Class Period, indicating potential legal issues surrounding the company's disclosures and business practices [1][5]. Group 1: Class Action Details - The class action lawsuit is filed for securities purchased between February 3, 2023, and March 13, 2024, and interested parties must act by April 14, 2025, to serve as lead plaintiff [1][3]. - 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]. Group 2: Allegations Against Mullen Automotive - The lawsuit alleges that Mullen 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 failure to disclose material information about financing agreements and the CEO's knowledge of prior convictions related to financial crimes [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its success in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013 [4].