NEW YORK, May 10, 2022 /PRNewswire/ — Klein Law Firm announces that a class action lawsuit has been filed on behalf of shareholders of Mullen Automotive, Inc. f/k/a Net Element, Inc. (NASDAQ: MULN) alleging that the company has violated federal securities laws.
Class period: June 15, 2020 for April 6, 2022
Lead Applicant Deadline: July 5, 2022
No obligation or cost to you.
Learn more about your recoverable losses in MULN:
Mullen Automotive, Inc. f/k/a Net Element, Inc. NEWS – MULN NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Mullen Automotive, Inc. f/k/a Net Element, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Mullen overstates its ability and schedule to production ; (2) Mullen exaggerates its agreements with business partners, including Qiantu; (3) Mullen overestimates its battery technology and capabilities; (4) Mullen overestimates its ability to sell its branded products; (5) Net Element failed to perform adequate due diligence on Mullen Technologies; (6) the Dragonfly K50, a luxury sports car, was not (only) delayed due to the COVID-19 pandemic; and (7) as a result, the defendants’ public statements were materially false and/or misleading at all relevant times.
WHAT THIS MEANS FOR YOU AS A SHAREHOLDER: If you have suffered a loss at Mullen Automotive, Inc. f/k/a Net Element, Inc., you have until July 5, 2022 ask the court to obtain the status of principal plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.
AT NO CHARGE TO YOU: If you purchased Mullen Automotive, Inc. f/k/a Net Element, Inc. securities during the relevant period, you may be entitled to compensation without payment of out-of-pocket expenses.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For more information on the MULN trial, please contact J. Klein, Esq. by phone at 212-616-4899 or click on this link: https://www.kleinstocklaw.com/pslra-1/mullen-automotive-inc-fka-net-element-inc-loss-submission-form?id=26966&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigation involving financial fraud across the country. Klein Law Firm is a litigation firm with experience in a wide range of areas, including securities law, corporate finance and commercial litigation. Since 2011, our experienced lawyers have achieved superior results for our clients with a personalized approach. Lawyer advertisement. Prior results do not guarantee similar results.
J. Klein, Esq.
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New York, NY 10118
Telephone: (212) 616-4899
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