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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Mullen Automotive, Inc. of Class Action Lawsuit and Upcoming Deadlines - MULN

1. A class action lawsuit has been filed against Mullen Automotive. 2. The suit alleges securities fraud and misrepresentation by Mullen's leadership. 3. Critics cite misleading statements about reverse stock splits and partnerships. 4. Investors can join the lawsuit until April 14, 2025. 5. Mullen's credibility is significantly questioned, impacting investor confidence.

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FAQ

Why Very Bearish?

The allegations of securities fraud can severely damage investor trust and lead to stock decline, reminiscent of past high-profile lawsuits reducing stock values significantly.

How important is it?

The class action directly targets Mullen’s management practices, influencing investor confidence and stock performance.

Why Short Term?

These lawsuits often lead to immediate negative market reactions, affecting short-term stock performance, as seen with several companies facing similar claims.

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NEW YORK, March 3, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Mullen Automotive, Inc ("Mulllen" or the "Company") (NASDAQ: MULN). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Mullen and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. You have until April 14, 2025 to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Mullen securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com. [Click here for information about joining the class action] A putative securities class action complaint has been filed against Mullen and certain of its officers (collectively, "Defendants") alleging that the Defendants made false and misleading statements and/or failed to disclose that: (1) Mullen had no intent of implementing a reverse stock split when in-fact the Company and its leadership believed that one was imminent and necessary; (2) Mullen overstated its deals with business partners, including Rapid Response Defense Systems and Mullen Advanced Energy Operations, LLC ("MAEO"); (3) Mullen overstated its battery technology capabilities and partnerships; (4) Mullen misled the investing public about its reverse stock splits; (5) Mullen and CEO Michery knew or should have known that the founder of Global EV Technology Inc., Mullen's partner in the MAEO joint venture, had previously been convicted of financial crimes; (6) Mullen failed to disclose material information about its financing agreements; and (7) as a result, the Defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLP[email protected]646-581-9980 ext. 7980 SOURCE Pomerantz LLP

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