CLASS ACTION UPDATE for LILM, IRNT and MULN: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / May 25, 2022 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

LILM Shareholders Click Here: https://www.zlk.com/pslra-1/lilium-n-v-f-k-a-qell-acquisition-corp-loss-submission-form?prid=27708&wire=1
IRNT Shareholders Click Here: https://www.zlk.com/pslra-1/ironnet-inc-loss-submission-form?prid=27708&wire=1
MULN Shareholders Click Here: https://www.zlk.com/pslra-1/mullen-automotive-inc-f-k-a-net-element-inc-loss-submission-form?prid=27708&wire=1

* ADDITIONAL INFORMATION BELOW *

Lilium N.V. f/k/a Qell Acquisition Corp. LILM

LILM Lawsuit on behalf of: investors who purchased March 30, 2021 - March 14, 2022
Lead Plaintiff Deadline : June 17, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/lilium-n-v-f-k-a-qell-acquisition-corp-loss-submission-form?prid=27708&wire=1

According to the filed complaint, during the class period, Lilium N.V. f/k/a Qell Acquisition Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) Lilium materially overstates the design and capabilities of the Lilium Jet, an electric vertical take-off-and-landing aircraft for use in a new type of high-speed air transport system for people and goods; (2) Lilium materially overstates the likelihood for the Lilium Jet's timely certification; (3) Lilium misrepresents its ability to obtain or create the necessary batteries for the Lilium Jet; (4) the special purpose acquisition company merger would not and did not generate enough cash to commercially launch the Lilium Jet; (5) Qell Acquisition Corp. did not engage in proper due diligence regarding its merger with Lilium GmbH; and (6) as a result, Defendants' public statements and statements to journalists were materially false and/or misleading at all relevant times.

Ironnet, Inc. IRNT

IRNT Lawsuit on behalf of: investors who purchased September 15, 2021 - December 15, 2021
Lead Plaintiff Deadline : June 21, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/ironnet-inc-loss-submission-form?prid=27708&wire=1

According to the filed complaint, during the class period, Ironnet, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the Company had materially overstated its business and financial prospects; (ii) the Company was unable to predict the timing of significant customer opportunities which constituted a substantial portion of its publicly- issued FY 2022 financial guidance; (iii) the Company had not established effective disclosure controls and procedures to reasonably ensure its public disclosures were timely, accurate, complete, and not otherwise misleading; and (iv) as a result, the Company's public statements were materially false, misleading, and/or lacked any reasonable basis in fact at all relevant times.

Mullen Automotive, Inc. f/k/a Net Element, Inc. MULN

MULN Lawsuit on behalf of: investors who purchased June 15, 2020 - April 6, 2022
Lead Plaintiff Deadline : July 5, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/mullen-automotive-inc-f-k-a-net-element-inc-loss-submission-form?prid=27708&wire=1

According to the filed complaint, during the class period, Mullen Automotive, Inc. f/k/a Net Element, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Mullen overstates its ability and timeline regarding production; (2) Mullen overstates its deals with business partners, including Qiantu; (3) Mullen overstates its battery technology and capabilities; (4) Mullen overstates its ability to sell its branded products; (5) Net Element did not conduct proper due diligence into Mullen Technologies; (6) the Dragonfly K50, a luxury sports car, was not (solely) delayed due to the COVID-19 pandemic; and (7) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE : Levi & Korsinsky, LLP