Mullen Automotive ($MULN) Is Paying a $7.25M Settlement to Investors — Here’s How to Get Your Share

Court: C.D. California

Case: 2:22-cv-03026

Mullen Automotive MULN has settled for $7.25M with investors over claims it misled them about its EV production and partnerships.

This settlement presents a great opportunity for investors to recover some of their losses. Here’s what you need to know to claim your payout.

Who is eligible?

All persons who purchased or otherwise acquired the publicly traded common stock of Mullen Automotive or Net Element, publicly traded call options and/or put options on such stock, during the period from June 15, 2020 to April 17, 2022, both dates inclusive.

Do you have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate. You can participate in the settlement and retain (or sell) your securities.

How long will it take to receive your payout?

The entire process usually takes 4 to 9 months after the claim deadline.

How to claim your payout — and why it's important to act now?

The settlement will be distributed based on the number of claims filed, so submitting your claim early may increase your share of the payout.

In some cases, investors have received up to 200% of their losses from settlements in previous years.

More than 100 companies are currently paying out settlements. Connect your portfolio to automatically see which ones you might have missed — or file manually for this case. Don’t miss your chance to get yours back.