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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.
2023年12月28日，马伦汽车公司在美国纽约南区地方法院对Gem Global Yield LLC SCS、Gem Yield Bahamas Limited和克里斯托弗·布朗提起诉讼。该申诉称，被告以未注册交易商的身份与Mullen Automotive进行了非法证券交易，违反了美国证券法。该诉讼要求撤销认股权证交易、律师费和法院认为公正的其他救济。该认股权证是融资协议的一部分，其中包括股票购买协议和注册权协议。Mullen Automotive声称，被告的商业模式，即未经适当注册就买入和卖出证券，是非法的，是美国证券交易委员会最近起诉的目标。该公司要求进行陪审团审判，由巴西尔律师事务所代理，P.C.
2023年12月28日，马伦汽车公司在美国纽约南区地方法院对Gem Global Yield LLC SCS、Gem Yield Bahamas Limited和克里斯托弗·布朗提起诉讼。该申诉称，被告以未注册交易商的身份与Mullen Automotive进行了非法证券交易，违反了美国证券法。该诉讼要求撤销认股权证交易、律师费和法院认为公正的其他救济。该认股权证是融资协议的一部分，其中包括股票购买协议和注册权协议。Mullen Automotive声称，被告的商业模式，即未经适当注册就买入和卖出证券，是非法的，是美国证券交易委员会最近起诉的目标。该公司要求进行陪审团审判，由巴西尔律师事务所代理，P.C.
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