Mullen Automotive Plunges 47.28% Amid Class Action Lawsuit

On April 11, 2025, Mullen Automotive's stock experienced a significant drop of 47.28% in pre-market trading, sparking concerns among investors and analysts alike.

Bronstein, Gewirtz and Grossman, LLC has announced that a class action lawsuit has been filed against Mullen Automotive, Inc. This legal action aims to recover damages for alleged violations of federal securities laws on behalf of all affected investors. The lawsuit seeks to address substantial losses incurred by investors, providing them with an opportunity to lead the class action.

This legal development has added to the uncertainty surrounding Mullen Automotive, as investors grapple with the potential implications of the lawsuit on the company's future performance and stock value. The announcement has heightened scrutiny on the company's financial practices and corporate governance, raising questions about transparency and accountability.

As the situation unfolds, investors are advised to stay informed about the progress of the lawsuit and its potential impact on their investments. The legal proceedings could have far-reaching consequences for Mullen Automotive, affecting its market position and investor confidence. The company's response to the allegations and its efforts to address investor concerns will be crucial in determining its path forward.