Mullen Automotive Inc (MULN)

[rbl100]

Yes you are. This stock hit bottom. Time to load up even more. Squeeze coming and not for lemons. Been in stocks longer than you. Good luck as a beginner.

[Wayne R]

This must be landmark, aren't they violating a whole bunch of NASD rules at the moment?

[lifeonthefarm]

agreed on Tyson ko...and thanks....losing 170k to muln hurts still to this day...also few others...I pray they run to recover and get off these boards forever...

[Wayne R]

Looking more like a bowel movement for now

[Huggy Bear]

Hilarious.

[shurtha2000]

I see a Faraday type of move coming

[shurtha2000]

MULN tarriffs can be best friends

[Dingbatt]

When you finally
Catch him put him in a jail in Tikriit that way he will be closer to the God of fire and brimstone instead of the God of Abraham Issac and Joseph

[Wayne R]

Cool, isn't it...

[Nebuchadnezzar]

a short's WET DREAM

[campe]

As long as timely RS happen every few months and Mr. Misery keeps dumping shares after RS, shorts can SHORT forever.  

[Monksdream]

MULN, new 52 week low

[B RY]

Hi SS! Nope because unlike MULN going down, Tyson knocked out Douglas. Douglas was given a long count by the ref and allowed to continue. Douglas was a damn tough man to fight and I give him credit where credit is due for going into the latter rounds, but truthfully Tyson knocked out Douglas and was robbed. Even though boxing analysts say that Tyson had a long count too, that doesn't account for the fact that Tyson knocked out Douglas first, and therefore should have won by a knockout. I give credit to Douglas for getting up and continuing. But the fact remains Tyson should have been awarded a win by knockout. To each his own though because that's simply my opinion on a very controversial great fight. Unlike MULN, where investors had plenty of red flags over the last couple of years to help them in their decision making. I wish those R/S's occurred sooner to help you stay away.

[TenKay]

“Landmark”…LOL.

Get real. Getting a dismissal requires a pretty high bar. The Court always favors the plaintiff in such questions by a wide margin.

[rbl100]

Bought 4 times what I already had LOL. This will be another GME and AMC. Can't short forever. The short % is astronomical now.

[B RY]

In a landmark decision...MULN's down 9%,!>>>

[Wayne R]

No one cares

[leverage102]

In a Landmark Decision, Mullen Defeats Defendants' Motion to Dismiss in Its Entirety, Allowing the Federal Spoofing Lawsuit to Combat Artificially Deflated Stock Prices to Proceed
In a Landmark Decision, Mullen Defeats Defendants' Motion to Dismiss in Its Entirety, Allowing the Federal Spoofing Lawsuit to Combat Artificially Def...

[BottomBounce]

its a penny stock. wait till $MULN goes to $.0001

[Wayne R]

200 million served so far today.

Boggles the mind

[BottomBounce]

INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Mullen Automotive, Inc. of Class Action Lawsuit and Upcoming Deadlines - MULN https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-reminds-investors-with-losses-on-their-investment-in-mullen-automotive-inc-of-class-action-lawsuit-and-upcoming-deadlines---muln-302415788.html $MULN

[BottomBounce]

MULN SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that Mullen Automotive, Inc. Investors Have Opportunity to Lead Class Action Lawsuit!
https://www.wane.com/business/press-releases/accesswire/989461/muln-shareholder-alert-bronstein-gewirtz-and-grossman-llc-announces-that-mullen-automotive-inc-investors-have-opportunity-to-lead-class-action-lawsuit/ $MULN

[BottomBounce]

MULN Investors Have Opportunity to Lead Mullen Automotive, Inc. f/k/a Net Element, Inc. Securities Fraud Lawsuit
https://cbs4indy.com/business/press-releases/cision/20250328DC52745/muln-investors-have-opportunity-to-lead-mullen-automotive-inc-f-k-a-net-element-inc-securities-fraud-lawsuit/ $MULN

[Wayne R]

[Dingbatt]

Wayne
We have the same kind of story on social security with 12 million people listed over the age of 100 also USAId run by accountants and judges bucking every Oder Trump issues I don’t believe one damned word you say when Soros and any other illegal short is caught send them all to the state of louispiana if you are a thief or crook you pay the price like Louis xvi

[Wayne R]

Yes MULN seems to be going to the moon. The only problem is that the moon is on the other side of the planet

[lifeonthefarm]

big George lifted him off his feet!!!!!!!!!!
got down goes Tyson clip? lol

[Wayne R]

Anyone still short from the equivalent of $1.5 million per share before all the reverse splits is either dead or in a coma.

[KngmAz]

Another day - another DOWN - day after day after day after day - all DOWN!!

[B RY]

LOL!

[Dingbatt]

Now why would a dummy
like me think like that because I think there is one hell of a short position
and Soros is the most notorious short seller that ever
had a drivers license in the US for a Hummer that was given to Saddam in Tikrit.

[Wayne R]

[Dingbatt]

If this stock went back up
to where it was in the first place it would put Soros out of his misery.
And then the lord could forgive him and let him into Shangri-La without a penny.

[Dingbatt]

Wayne
Doubled my position again.

[lifeonthefarm]

down goes mullen...down goes mullen

[Wayne R]

Blah blah blah

They extened a process that they will never see to completion

[leverage102]

Up MULN GOES $$$$$

[leverage102]

In a Landmark Decision, Mullen Defeats Defendants' Motion to Dismiss in Its Entirety, Allowing the Federal Spoofing Lawsuit to Combat Artificially Deflated Stock Prices to Proceed
9:00 AM ET 3/31/25 | GlobeNewswire
Related Quotes


11:09 AM ET 3/31/25
Symbol Last % Chg
MULN
0.12 0.87%
Real time quote.


In a Landmark Decision, Mullen Defeats Defendants' Motion to Dismiss in Its Entirety, Allowing the Federal Spoofing Lawsuit to Combat Artificially Deflated Stock Prices to Proceed

In a significant victory for Mullen and other emerging companies who have alleged losses due to stock manipulation, a federal judge denied IMC, Clear Street, and UBS's motion to dismiss the lawsuit, finding Mullen's claims were adequately pled. The litigation will now move forward into full discovery

In the Federal Court's decision, received after the close of trading on March 28, 2025, Mullen won on all contested issues

BREA, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, successfully overcame a motion to dismiss brought by defendants IMC Financial Markets, Clear Street Markets LLC, UBS Securities, LLC and Does 1-10 ("Defendants").

In the lawsuit, which is pending in the United States District Court for the Southern District of New York, Mullen alleges that between November 5, 2021 and November 15, 2023, Defendants used high-frequency algorithmic trading to manipulate and spoof Mullen shares in violation of Section 10(b), Rule 10b-5(a) and (c), and Section 9(a) of the Securities Exchange Act of 1934, and New York common law fraud.

FINRA has characterized spoofing as an insidious form of market manipulation that undermines the transparency and integrity of the markets by distorting the true nature of supply and demand. Spoofing involves the submission and cancellation of non-bona fide buy and sell orders that have no legitimate economic purpose and are not intended to be executed. With "Baiting Orders," for example, Defendants allegedly placed sell orders meant to create a false signal that Mullen's share price was trending downward, tricking other market participants into entering their own orders to sell. The spoofers then executed buy orders--now at artificially low prices--and promptly canceled their Baiting Orders.

In rejecting Defendants' motion to dismiss, the Court held, among other things, that Mullen had "identif[ied] a number of actions that differentiate the Defendants from typical market participants. Defendants placed far more orders for sell-side shares that were subsequently canceled and then purchased far more shares at depressed prices following spoofing episodes[.]" In particular, "Defendants placed and then cancelled a high volume of Baiting Orders within seconds and even milliseconds, repeating this pattern thousands of times, often with multiple episodes per trading day." In turn, the Court determined that Mullen's complaint "outlines Defendants' efforts to artificially depress the price of Mullen securities and the subsequent effects on the market."

"We are pleased with the Court's decision and look forward to continuing our fight to protect our company and our shareholders," said David Michery, CEO and chairman of Mullen Automotive.

Stephen W. Tountas, the lead lawyer for plaintiffs, added that "we look forward to commencing discovery to expose Defendants' pervasive and manipulative trading practices, which have significantly harmed both Mullen and its shareholders."

The case is captioned, Mullen Automotive, Inc. et al v. Clear Street Markets LLC et al, No. 1:23-cv-10637 (S.D.N.Y.).

About Kasowitz Benson Torres LLP

Kasowitz is a leading national litigation law firm. The firm focuses on complex commercial, corporate and securities litigation, and represents clients on a wide range of matters, from class action litigations to privately negotiated resolutions of complicated disputes.

This Mullen team is being led by Kasowitz partners Stephen W. Tountas and Andrew L. Schwartz.

About Mullen

Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles ("EVs") with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board ("CARB") and EPA certified and available for sale in the U.S. The Company's commercial dealer network consists of seven dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic markets.

In September 2022, Bollinger Motors, of Oak Park, Michigan, became a majority-owned EV truck company of Mullen Automotive. Bollinger Motors has passed numerous milestones including its B4, Class 4 electric truck production launch on Sept. 16, 2024, and the development of a world-class dealer and service network with over 50 locations across the United States.

To learn more about the Company, visit www.MullenUSA.com.

Forward-Looking Statements

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to the eventual outcome of the referenced lawsuit. Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen's ability to successfully expand in existing markets and enter new markets; (iv) Mullen's ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen's business; (viii) changes in government licensing and regulation that may adversely affect Mullen's business; (ix) the risk that changes in consumer behavior could adversely affect Mullen's business; (x) Mullen's ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen's plans and expectations as of any subsequent date.

Contact:

Mullen Automotive, Inc.

[phone]

www.MullenUSA.com

Corporate Communications:

IBN

Austin, TX

www.InvestorBrandNetwork.com

512.354.7000 Office

[e-mail]

> Dow Jones Newswires

March 31, 2025 09:00 ET (13:00 GMT)

[Threeflight]

It is crazy to me that the SEC keeps allowing this stock to trade on the NASDAQ and to keep allowing so many reverse splits. This last RS might be a MULN record for the fastest time to go from multi dollars after a RS to pennies.

There is just no rationale reason that they allow MULN to keep trading on the NASDAQ. It should be on the pinks or at best the OTC. Someone(s) has to be getting kickbacks for allowing this to keep trading and not get delisted.

[Wayne R]

Bof, bullshit news. Doesn't change the fact that they pissed away over a billion to accomplish not much of anything

[PinkPennies]

MULN news https://ih.advfn.com/stock-market/NASDAQ/mullen-automotive-MULN/stock-news/95742653/in-a-landmark-decision-mullen-defeats-defendants

[B RY]

You must protect your assets from MULN losses and the likes of others. Here is a great siggy for ya from a wonderful author whom I deeply respect.

[B RY]

Morning wayne! David has all the most beautiful pearlie's because he is really good at marbles. Bottom line...david wins the MULN marbles games every time for anyone that does not know that yet...and for anyone thinking investor lawsuits or the Wizard of Oz are going to make a difference, david is well versed from working several companies into the ground on the rules and how to push the envelope. If anyone thinks they are going to teach david a lesson...try playing chess with a grand master and see how that works out for you. Know what I mean verne?

[B RY]

Yep! I've seen many like muln with great promise looking in as an outsider. But when you judge the stock by the companies actions and try and view it from the inside looking out you aquire a sense of managements persective and see the company founders had the intention from the beginning of using shares in one way or another to grow the founders personal wealth. Under Armour, for example, did extremely well until the company founders started retiring. I'm not judging it's future, only it's past in my opinion. I love under Armour's workout gear and it's stock up until about several years ago. But one must look at reality and understand reality can bite hard if you do not gain a proper respect for making research a part of your daily routine. MULN is a great example of that at first glance at the stock. In 2022 before it's many reverse splits it was fun and profitable for daytrading imo. After 2022 I made it clear that I did not even consider daytrading it to help others. Perhaps you are at that point with your previously mentioned endeavor. It's time to let it go and consider talking about MULN here. I consider MULN my idea of giligan's island. It's only good for a great laugh imo. 🏝

[Wayne R]

I was hoping for April 1 as a symbolic gesture.

Who knows, maybe NASD woke up, said no, pick up your marbles and leave...

[MartinLutherKing]

MULN The King of Turds WorldwidE RNAZ Is the MULN OF the pharmaceuticals

[Stinger2014]

When is the next RS? …..

[campe]

Did Michery donate to the correct campaign?  Maybe he's banking on a pardon....

[B RY]

Indicted for pushing the envelope? Nope!

[Wayne R]

Yea, just woke up from a nice nap.