Mullen Automotive, Inc. (MULN) Officers and Directors Under Investigation for False Statements and Insider Trading

Schubert Jonckheer & Kolbe LLP is investigating potential derivative claims on behalf of shareholders of Mullen Automotive, Inc. (NASDAQ: MULN) relating to possible false and misleading statements to investors and insider trading by officers and directors. 

Mullen and two of its current and former officers are currently subject to class action securities lawsuits in the U.S. District Court for the Central District of California alleging false and misleading statements concerning the company’s purported next-generation battery technology and path to vehicle production, among other things. Additionally, during the proposed class period of June 15, 2020 through April 6, 2022, several Mullen insiders sold approximately $3.6 million of company stock.

The Schubert Firm is investigating potential breaches of fiduciary duty by Mullen’s officers and directors in connection with these allegations.

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