Mullen Automotive, Inc. f/k/a Net Element, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before July 5, 2022 to Discuss Your Rights - MULN

New York, New York--(Newsfile Corp. - May 6, 2022) - Levi & Korsinsky, LLP notifies investors in Mullen Automotive, Inc. f/k/a Net Element, Inc. ("Mullen Automotive, Inc. f/k/a Net Element, Inc." or the "Company") (NASDAQ: MULN) of a class action securities lawsuit.

The lawsuit on behalf of Mullen Automotive, Inc. f/k/a Net Element, Inc. investors has been commenced in the the United States District Court for the Central District of California. Affected investors purchased or otherwise acquired certain Mullen Automotive, Inc. f/k/a Net Element, Inc. securities between June 15, 2020 and April 6, 2022. Follow the link below to get more information and be contacted by a member of our team:

or contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500. There is no cost or obligation to you.

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Mullen Automotive, Inc. f/k/a Net Element, Inc. NEWS - MULN NEWS

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed 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.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Mullen Automotive, Inc. f/k/a Net Element, Inc. during the relevant timeframe, 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.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. Discuss your rights with our legal team without cost or obligation.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form or call 212-363-7500 to discuss the case.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171

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