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Stock impact report

Notice of Proposed Derivative Settlement: Mullen Automotive Inc. [Yahoo! Finance]

Mullen Automotive, Inc. (MULN) 
Company Research Source: Yahoo! Finance
UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA IN RE MULLEN AUTOMOTIVE, INC. DERIVATIVE LITIGATION Case No. CV 22-5336-DMG (AGRx) NOTICE OF PROPOSED DERIVATIVE SETTLEMENT TO: ALL RECORD HOLDERS AND BENEFICIAL OWNERS OF THE COMMON STOCK OF MULLEN AUTOMOTIVE INC. ("MULLEN" OR THE "COMPANY") AS OF OCTOBER 11, 2024 (THE "RECORD DATE") PLEASE TAKE NOTICE that the above-captioned consolidated shareholder derivative action (the "Consolidated Derivative Action") is being settled on the terms set forth in a Stipulation and Agreement of Settlement dated August 21, 2024 (the "Stipulation"). Under the terms of the Stipulation, as part of the proposed Settlement, Mullen will adopt certain corporate governance enhancements. These enhancements, which are detailed more fully in the Stipulation and Long-Form Notice , are intended to address the claims asserted in the Consolidated Derivative Action. This notice should be read in conjunction with, and is qualified in it Show less Read more
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