NEW YORK, May 25, 2022 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Mullen
Automotive, Inc. f/k/a Net Element, Inc..
Shareholders who purchased shares of MULN during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/mullen-automotive-inc-f-k-a-net-element-inc-loss-submission-form/?id=27648&from=4
CLASS PERIOD: June 15, 2020
to April 6, 2022
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (1) Mullen overstates
its ability and timeline regarding production; (2) Mullen
overstates its deals with business partners, including Qiantu; (3)
Mullen overstates its battery technology and capabilities; (4)
Mullen overstates its ability to sell its branded products; (5) Net
Element did not conduct proper due diligence into Mullen
Technologies; (6) the Dragonfly K50, a luxury sports car, was not
(solely) delayed due to the COVID-19 pandemic; and (7) as a result,
Defendants' public statements were materially false and/or
misleading at all relevant times.
DEADLINE: July 5,
2022 Shareholders should not delay in registering
for this class action. Register your information here:
https://securitiesclasslaw.com/securities/mullen-automotive-inc-f-k-a-net-element-inc-loss-submission-form/?id=27648&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of MULN during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is July 5, 2022. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original
content:https://www.prnewswire.com/news-releases/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-mullen-automotive-inc-fka-net-element-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-july-5-2022--nasdaq-muln-301554619.html
SOURCE The Gross Law Firm