Mullen Automotive, Inc. f/k/a Net Element, Inc. Class Action Lawsuit - MULN

(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.

In order to be eligible to join the MULN class action lawsuit, you must have incurred a loss on shares of Mullen Automotive, Inc. f/k/a Net Element, Inc. purchased during the class period listed above.

If you suffered a loss in Mullen Automotive, Inc. f/k/a Net Element, Inc. during the relevant time frame or pursuant to the relevant offering(s), you have until July 5, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.