"Latest Developments in Securities Litigation: Mullen's Update"
Mullen Automotive has filed a spoofing complaint against UBS Securities, IMC Financial Markets, and Clear Street Markets, alleging a 2-year scheme to manipulate the market price of Mullen shares. The company believes that the spoofing litigation has greater potential to recover damages compared to the previously filed lawsuit focusing on short-selling claims. Mullen is an emerging electric vehicle manufacturer based in Southern California.