MULN INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Mullen Automotive, Inc. f/k/a Net Element, Inc. Investors with Substantial Losses Have Opportunity to Lead the Mullen Automotive Class Action Lawsuit – QNT Press Release


SAN DIEGO, May 07, 2022 (GLOBE NEWSWIRE) — The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Mullen Automotive, Inc. f/k/a Net Element, Inc. (NASDAQ:MULN) securities between June 15, 2020 and April 6, 2022, inclusive (the “Class Period”) have until July 5, 2022 to seek appointment as lead plaintiff in Schaub v. Mullen Automotive, Inc. f/k/a Net Element, Inc.No. 22-cv-03026 (CD Cal.). Commenced on May 5, 2022, the Mullen Automotive class action lawsuit charges Mullen Automotive and certain of its top executive officers with violations of the Securities Exchange Act of 1934.

If you suffered significant losses and wish to serve as lead plaintiff of the Mullen Automotive class action lawsuit, please provide your information by clicking here. You can also contact attorney JC Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected]. Lead plaintiff motions for the Mullen Automotive class action lawsuit must be filed with the court no later than July 5, 2022.

CASE ALLEGATIONS: Mullen Automotive purports to be an electronic vehicle (“EV”) manufacturer. On November 5, 2021, Mullen Technologies, Inc. underwent a merger with and into Net Element, Inc. and changed its name to Mullen Automotive, Inc. In announcing its merger, Mullen Automotive represented that it “expect[ed] to launch the Dragonfly K50, a luxury sports car, in the first half of 2021 through ICI (Independent Commercial Importers).” Prior to the merger, Mullen Automotive’s shares traded under the ticker symbol NETE.

The Mullen Automotive class action lawsuit alleges that defendants made false and/or misleading statements and/or failed to disclose that: (i) Mullen Automotive overstated its ability and timeline regarding …

Full story available on Benzinga.com



Source link

Recommended For You

About the Author: News Center