MULN ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of July 5, 2022 in the Class Action Filed on Behalf of Mullen Automotive, Inc. f/k/a Net Element, Inc. Shareholders

NEW YORK, May 10, 2022

Class Period: June 15, 2020 to April 6, 2022
Lead Plaintiff Deadline: July 5, 2022
No obligation or cost to you.

Learn more about your recoverable losses in MULN:
https://www.kleinstocklaw.com/pslra-1/mullen-automotive-inc-f-k-a-net-element-inc-loss-submission-form?id=26966&from=4

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

CLASS ACTION CASE DETAILS: The filed complaint alleges that Mullen Automotive, Inc. f/k/a Net Element, Inc. made 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.

WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Mullen Automotive, Inc. f/k/a Net Element, Inc. you have until July 5, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Mullen Automotive, Inc. f/k/a Net Element, Inc. securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.