Mullen Automotive Issues Notice Of Proposed Settlement Of Derivative Actions And Settlement Hearing
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive has issued a notice regarding a proposed settlement of derivative actions and a settlement hearing. The company's board has approved the settlement, which includes corporate governance enhancements. Plaintiffs' counsel will seek court approval for attorneys' fees up to $500,000.
October 31, 2024 | 9:17 pm
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Mullen Automotive's board has approved a proposed settlement of derivative actions, which includes corporate governance enhancements. This is seen as beneficial for the company and its shareholders.
The approval of the settlement and the corporate governance enhancements are likely to be viewed positively by investors, as they suggest improved management practices and potential reduction in legal uncertainties.
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