The Legislation Offices of Frank R. Cruz carries on its investigation of Mullen Automotive, Inc. (“Mullen” or the “Firm”) MULN on behalf of investors regarding the Company’s probable violations of federal securities legal guidelines.
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On April 6, 2022, Hindenburg Investigate revealed a report alleging, between other items, that Mullen misrepresented outcomes of specified battery screening. Additionally, the report claimed that a 2020 joint enterprise to manufacture Mullen’s battery know-how “failed to exist at all” and was “an obvious fabrication.”
On this news, Mullen’s stock fell $.34, or 12.5%, in excess of two consecutive buying and selling sessions to close at $2.38 for every share on April 7, 2022, thereby injuring buyers.
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If you acquired Mullen securities, have info or would like to find out additional about these statements, or have any queries relating to this announcement or your rights or passions with regard to these matters, be sure to get hold of Frank R. Cruz, of The Regulation Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by e-mail to [email protected], or stop by our internet site at www.frankcruzlaw.com. If you inquire by e mail please include things like your mailing address, telephone number, and quantity of shares obtained.
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