On December 28, 2023, Mullen Automotive Inc. filed a lawsuit in the United States District Court for the Southern District of New York against Gem Global Yield LLC SCS, Gem Yield Bahamas Limited, and Christopher F. Brown. The complaint alleges that the defendants engaged in an unlawful securities transaction with Mullen Automotive as an unregistered dealer, violating U.S. securities laws. The suit seeks rescission of a warrant transaction, attorneys' fees, and other relief deemed just by the court. The warrant in question was part of a financing facility agreement that included a share purchase agreement and a registration rights agreement. Mullen Automotive claims that the defendants' business model, which involves buying and selling securities without proper registration, is illegal and has been targeted by recent SEC prosecutions. The company is demanding a jury trial and is represented by The Basile Law Firm, P.C.

On December 28, 2023, Mullen Automotive Inc. filed a lawsuit in the United States District Court for the Southern District of New York against Gem Global Yield LLC SCS, Gem Yield Bahamas Limited, and Christopher F. Brown. The complaint alleges that the defendants engaged in an unlawful securities transaction with Mullen Automotive as an unregistered dealer, violating U.S. securities laws. The suit seeks rescission of a warrant transaction, attorneys' fees, and other relief deemed just by the court. The warrant in question was part of a financing facility agreement that included a share purchase agreement and a registration rights agreement. Mullen Automotive claims that the defendants' business model, which involves buying and selling securities without proper registration, is illegal and has been targeted by recent SEC prosecutions. The company is demanding a jury trial and is represented by The Basile Law Firm, P.C.