Mullen Automotive Retains Christian Attar, Formally Known As Christian Levine Law Group, In Partnership With Warshaw, Burstein, LLP, To Combat Naked Short Selling Activities
Portfolio Pulse from Happy Mohamed
Mullen Automotive (NASDAQ:MULN) has hired Christian Attar, formerly known as Christian Levine Law Group, and Warshaw, Burstein, LLP, to investigate potential illegal naked short selling of its common stock. The company believes it may have been the target of a market manipulation scheme. Christian Attar and Warshaw Burstein have previously successfully prosecuted and collected damages from entities engaged in such market manipulation schemes.
July 05, 2023 | 12:16 pm
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NEUTRAL IMPACT
Mullen Automotive's stock may be impacted by the investigation into potential illegal naked short selling. The outcome of the investigation could affect the company's stock price.
The investigation into potential illegal naked short selling could have a significant impact on Mullen Automotive's stock. If the investigation finds evidence of market manipulation, it could lead to legal action and potential damages, which could affect the company's stock price. However, the outcome of the investigation is uncertain at this stage, hence the neutral score.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100