Mullen Deadline Alert
Mullen Deadline Alert
Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Mullen To Contact Him Directly To Discuss Their Options
证券诉讼合伙人詹姆斯(乔希)威尔逊鼓励在马伦遭受超过10万美元损失的投资者直接与他联系，讨论他们的选择
New York, New York--(Newsfile Corp. - May 9, 2022) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Mullen Automotive, Inc. f/k/a Net Element, Inc. ("Mullen" or the "Company") (NASDAQ: MULN) and reminds investors of the July 5, 2022 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
纽约，纽约-(Newsfile Corp.-2022年5月9日)-美国领先的证券律师事务所Faruqi&Faruqi，LLP正在调查针对马伦汽车公司(以下简称马伦或公司)(纳斯达克代码：MUN)的潜在索赔，并提醒投资者2022年7月5日的最后期限，即在针对该公司的联邦证券集体诉讼中寻求主原告角色的最后期限。
If you suffered losses exceeding $100,000 investing in Mullen stock or options between June 15, 2020 and April 6, 2022 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: .
如果您在2020年6月15日至2022年4月6日期间投资马伦股票或期权的损失超过100,000美元并想讨论一下您的合法权利，请致电Faruqi&Faruqi合伙人乔什·威尔逊直接在…877-247-4292 或212-983-9330(分机1310)。您也可以单击此处了解更多信息：.
There is no cost or obligation to you.
对你来说没有任何费用或义务。
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
Faruqi&Faruqi是一家领先的少数族裔和女性所有的全国性证券律师事务所，在纽约、宾夕法尼亚州、加利福尼亚州和佐治亚州设有办事处。
As detailed below, the lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing 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 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.
如下所述，诉讼重点是该公司及其高管是否违反了联邦证券法，做出了虚假和/或误导性的陈述和/或未能披露：(1)马伦夸大了其生产能力和时间表；(2)马伦夸大了其与包括钱图在内的商业伙伴的交易；(3)马伦夸大了其电池技术和能力；(4)马伦夸大了其销售其品牌产品的能力；(5)Net Element没有对马伦技术公司进行适当的尽职调查；(6)蜻蜓K50并非(仅仅)因为新冠肺炎疫情而推迟；因此，被告的公开陈述在所有相关时间都是重大虚假和/或误导性的。
On April 6, 2022, Hindenburg Research ("Hindenburg") published a report addressing Mullen, entitled "Mullen Automotive: Yet Another Fast Talking EV Hustle", calling the Company among the worst electric vehicle ("EV") hustles that Hindenburg has seen in a crowded field of contenders such as Nikola Corporation and Lordstown Motors Corp. Among other things, Hindenburg observed that "[d]espite only spending ~$3 million in R&D in 2021, Mullen claims its solid-state battery technology is on track for commercialization in 18 to 24 months, putting it [a]head of every major technology and automaker in the industry who have collectively invested billions on solving the problem." The Hindenburg report also alleged that the Chief Executive Officer of EV Grid, Inc. ("EV Grid"), which makes batteries and battery management systems for vehicles, refuted a press release issued by Mullen regarding test results for its battery, stating "[w]e never would have said that" and "[w]e never did say it and certainly wouldn't have said it based on the results of testing that battery." Additionally, the Hindenburg report alleged that Mullen's claims to be in a joint venture with NextMetals Ltd. ("NextMetals") to create a solid-state battery were refuted by a NextMetals senior executive who said it "'was a nonstarter' and 'didn't exist.'"
2022年4月6日，兴登堡研究公司发表了一份针对马伦的报告，题为《马伦汽车：又一次快速说话的电动汽车竞争》，称该公司是兴登堡在尼古拉公司和Lordstown Motors Corp.等竞争对手中看到的最糟糕的电动汽车竞争之一。[d]尽管马伦在2021年的研发支出仅为300万美元，但马伦声称其固态电池技术有望在18至24个月内实现商业化[a]兴登堡的报告还声称，为汽车制造电池和电池管理系统的电动汽车网格公司(EV Grid，Inc.)的首席执行官驳斥了马伦发布的关于其电池测试结果的新闻稿，称[w]我永远不会说“和”[w]E从来没有说过，当然也不会根据电池的测试结果说出这一点。“此外，兴登堡的报告声称，马伦声称与NextMetals Ltd.成立了一家合资企业，生产固态电池，但NextMetals的一名高管驳斥了这一说法，他说，这种电池”是不可能的“，”不存在“。
On this news, Mullen's stock price fell $0.27 per share, or 10%, to close at $2.38 per share on April 6, 2022, on unusually heavy trading volume, damaging investors.
这一消息传出后，马伦的股价在2022年4月6日下跌了0.27美元，跌幅10%，收于每股2.38美元，成交量异常巨大，损害了投资者。
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
法院指定的首席原告是在阶级寻求的救济中拥有最大经济利益的投资者，他是代表假定阶级指导和监督诉讼的阶级成员的充分和典型。任何假定的阶级成员可以通过他们选择的律师移动法院作为主要原告，或者可以选择不做任何事情而保持缺席的阶级成员。你分享任何赔偿的能力不会受到是否担任主要原告的决定的影响。
Faruqi & Faruqi, LLP also encourages anyone with information regarding Mullen's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Faruqi&Faruqi，LLP还鼓励任何了解马伦行为的人与该公司联系，包括举报人、前员工、股东和其他人。
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
律师广告。负责这则广告的律师事务所是Faruqi&Faruqi，LLP()。先前的结果不能保证或预测未来任何事情都会出现类似的结果。我们欢迎有机会讨论贵公司的具体情况。所有来函将以保密方式处理。
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