Mullen Automotive Faces Class Action Lawsuit Over Misleading Statements

Investors Warned to Act by April 14, 2025

The Schall Law Firm, a national firm focusing on shareholder rights, has announced a class action lawsuit against Mullen Automotive, Inc. (“Mullen” or “the Company”) MULN. The lawsuit alleges violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 set by the U.S. Securities and Exchange Commission.

Investors who purchased Mullen’s securities during the period from February 3, 2023, to March 13, 2024, are advised to contact the firm before April 14, 2025.

Shareholders who believe they have suffered losses are encouraged to participate in the lawsuit by clicking here.

For more information, reach out to Brian Schall at the Schall Law Firm, located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067. He can be contacted at 310-301-3335 or through the firm’s website at www.schallfirm.com, and via email at [email protected].

It is important to note that the class action has yet to be certified. As a result, anyone who does not take action will be classified as an absent class member and will not be represented by an attorney until certification.

The lawsuit claims that Mullen misled investors by providing false information regarding its operational plans. Notably, the Company stated it would not implement a reverse stock split when it actually considered it necessary. Mullen also inflated its partnerships and the effectiveness of its battery technology while failing to disclose the real details of its financing agreements. Consequently, investors suffered losses when the truth came to light.

Join the lawsuit now to seek recovery for your losses.

The Schall Law Firm is dedicated to representing investors globally and specializes in securities class action lawsuits and shareholder rights litigation.

This announcement may be regarded as Attorney Advertising in some regions according to relevant laws and ethical regulations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250221100662/en/

The Schall Law Firm

Brian Schall, Esq.,

www.schallfirm.com

Office: 310-301-3335

[email protected]