Mullen Automotive Files Lawsuit Against Intersection Media Group d/b/a dot.LA and Reporter for Damages Sustained from False Article

Rhea-AI Summary

Mullen Automotive, Inc. (NASDAQ: MULN) filed a civil defamation lawsuit against dot.LA in Delaware, claiming the publication contained false statements about a settlement agreement. The company has retained McDermott Will & Emery LLP for legal representation. Mullen is focused on producing electric vehicles, with notable products including the Mullen FIVE EV Crossover and the I-GO Commercial Urban Delivery EV.

Recent developments include the acquisition of Electric Last Mile Solutions' assets and becoming the majority owner of Bollinger Motors, which enhances Mullen's portfolio in the EV market.

Positive

• Acquisition of Electric Last Mile Solutions' assets enhances operational capabilities.
• Majority ownership of Bollinger Motors expands EV product offerings.

Negative

• The lawsuit may detract focus from core business objectives.
• Risks associated with potential reputational damage due to defamation claims.

BREA, Calif., March 28, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, filed a civil complaint for defamation in the Superior Court of Delaware today alleging that on March 22, 2023, dot.LA published an article on its website authored by David Shultz that contained false and defamatory statements regarding Mullen, including false and defamatory statements regarding the terms of a settlement agreement of a civil action.

McDermott Will & Emery LLP, a leading international law firm, has been retained to represent the Company in the lawsuit. 

About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen's EV development portfolio includes the Mullen FIVE EV Crossover, Mullen I-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions' (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana.

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 whether Mullen will be successful in the referenced civil litigation matter. Additional examples of such risks and uncertainties include but are not limited to: (i) whether the commercial product launches contemplated for 2023 will materialize within the slated timelines; (ii) whether the Randy Marion dealer relationship will be a success; (iii) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (iv) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (v) Mullen’s ability to successfully expand in existing markets and enter new markets; (vi) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (vii) unanticipated operating costs, transaction costs and actual or contingent liabilities; (viii) the ability to attract and retain qualified employees and key personnel; (ix) adverse effects of increased competition on Mullen’s business; (x) changes in government licensing and regulation that may adversely affect Mullen’s business; (xi) the risk that changes in consumer behavior could adversely affect Mullen’s business; (xii) Mullen’s ability to protect its intellectual property; and (xiii) 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.
+1 (714) 613-1900
www.MullenUSA.com

Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com

FAQ

What is the recent lawsuit filed by Mullen Automotive (MULN)?

Mullen Automotive filed a defamation lawsuit against dot.LA for publishing false statements about a settlement agreement.

Who is representing Mullen Automotive in their legal matter?

McDermott Will & Emery LLP has been retained to represent Mullen in the defamation lawsuit.

What are some products offered by Mullen Automotive (MULN)?

Mullen's product portfolio includes the Mullen FIVE EV Crossover, I-GO Commercial Urban Delivery EV, and offerings from Bollinger Motors.

What impact does the lawsuit have on Mullen Automotive's stock (MULN)?

The defamation lawsuit poses risks such as potential reputational damage and distraction from Mullen's core business operations.

What recent acquisitions has Mullen Automotive (MULN) made?

Mullen recently acquired the assets of Electric Last Mile Solutions and became the majority owner of Bollinger Motors.