Client Mullen Automotive Files Landmark Federal Spoofing Lawsuit to Combat Artificially Deflated Stock Prices
12/06/2023Christian Attar Law Firm in partnership with Warshaw Burstein, LLP, in association with forensic investigators, have concluded the magnitude of the spoofing is unprecedented, resulting in over 5 billion shares being issued at artificially deflated prices since Company’s Nasdaq debut in November 2021.
Alan Pollack, a partner at Warshaw Burstein said, “This is an important lawsuit for our client for several reasons, including, the enormous magnitude of the spoofing activities of the defendants; the devastating adverse impact the defendants’ manipulative conduct has had on the price of Mullen’s shares and the commitment of Mullen’s management to protect the value of shareholder equity in the company.”
Read the Mullen Automotive press release here: https://news.mullenusa.com/mullen-files-landmark-federal-spoofing-lawsuit-to-combat-artificially-deflated-stock-prices
Read media coverage of the case:
https://www.marketwatch.com/story/mullen-automotives-stock-up-2-9-after-company-files-suit-against-investors-for-using-spoofing-to-manipulate-its-share-price-b215c559
https://investorplace.com/2023/12/muln-stock-alert-mullen-files-federal-spoofing-lawsuit/
