Mullen Automotive Settles Legal Disputes with GEM, Transfers Indiana Facility Ownership

Reuters

06-13

<a href="https://laohu8.com/S/MULN">Mullen Automotive</a> Settles Legal Disputes with GEM, Transfers Indiana Facility Ownership

Mullen Automotive Inc., an electric vehicle manufacturer, has announced the resolution of all outstanding legal disputes with GEM Yield Bahamas Limited and GEM Global Yield LLC SCS. As part of the settlement, Mullen has transferred full ownership of its manufacturing facility in Mishawaka, Indiana, to GEM. This transfer satisfies a federal court judgment in favor of GEM and resolves all related claims. With this settlement, Mullen can now focus on its operational priorities, as all pending enforcement and post-judgment proceedings between the parties will be withdrawn.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mullen Automotive Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-25-004452), on June 12, 2025, and is solely responsible for the information contained therein.

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As part of the settlement, Mullen has transferred full ownership of its manufacturing facility in Mishawaka, Indiana, to GEM. This transfer satisfies a federal court judgment in favor of GEM and resolves all related claims. With this settlement, Mullen can now focus on its operational priorities, as all pending enforcement and post-judgment proceedings between the parties will be withdrawn.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mullen Automotive Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-25-004452), on June 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MULN","symbol_name":"Mullen Automotive","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250612:nNDL5zCXt4:1","article_id":"2543540824","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2543540824","pubTimestamp":1749762064,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Mullen Automotive Inc., an electric vehicle manufacturer, has announced the resolution of all outstanding legal disputes with GEM Yield Bahamas Limited and GEM Global Yield LLC SCS. 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With this settlement, Mullen can now focus on its operational priorities, as all pending enforcement and post-judgment proceedings between the parties will be withdrawn.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mullen Automotive Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-25-004452), on June 12, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}