Mullen vows to ‘take action’ against illegal short sellers, and stock bounces

Shares of Mullen Automotive Inc. bounced Wednesday, after the electric-vehicle maker said he retained a law firm to help him combat illegal naked short-selling activities.

The stock MULN,
+5.75%
bounced 2.9% in morning trading, after falling 6.3% on Monday to close at a record low of 10.1 cents. It suffered a record 85.2% monthly plunge in June, even after the company reported last week that it recorded revenue for the first time and that it was in the “best financial position” in its history.

On Wednesday, the Brea, Calif.-based company said it retained Christian Attar, formally known as Christian Levine

The Schall Law Firm Encourages Investors in GDS Holdings Limited with Losses of $100,000 to Contact the Firm

PRESS RELEASE

Published July 3, 2023

LOS ANGELES, CA / ACCESSWIRE / July 3, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against GDS Holdings Limited (“GDS” or “the Company”) (NASDAQ:GDS) for violations of §§10(b) and 20( a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the US Securities and Exchange Commission.

The Schall Law Firm, Sunday, July 2, 2023, Press release picture

Investors who purchased the Company’s securities between April 12, 2021 and April 3, 2023, inclusive (the “Class Period”), are encouraged to contact the firm before August 21, 2023.

If you are a

Texas Court of Appeals Dismisses Trade Secret Case Against Defendant for Lack of Personal Jurisdiction | Seyfarth Shaw

Establishing jurisdiction over a defendant is critical in every lawsuit. Trade secret cases are certainly no different. A recent appellate decision from Texas underscored this important point by dismissing a plaintiff’s claim against a defendant – who did not even deny that he received misappropriated trade secrets – for lack of jurisdiction.

The case is joe Formicola v. Virtual Integrated Analytics Solutions, LLC14th Court of Appeals, Texas, Case No. 14-22-00412-CV (the state court case is Virtual Integrated Analytics Solutions LLC vs. Optimal Designs Incorporated et al., Case No. 202215877, in the 189th District Court of Harris County,

Questions Remain Regarding Adequate Consideration under Illinois’ Freedom to Work Act | Seyfarth Shaw

On January 1, 2022, the latest amendments to the Illinois Freedom to Work Act (“Act”) became effective. As we previously described, that Act sets forth various requirements governing restrictive covenant agreements in Illinois. Among other things, the Act codified the so-called Fifield Rule by defining adequate consideration for enforcement of a restrictive covenant to be either two years of employment or some other consideration, such as “additional professional or financial benefits.”

Not surprisingly, what are sufficient “additional professional or financial benefits” remains an open question. However, one recent appellate opinion from the Third Appellate District provides helpful instruction regarding the

ROSEN, A TOP RANKED LAW FIRM, Encourages Futu Holdings Limited Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by

Published: Jun. 30, 2023 at 5:30 PM EDT|Updated: 16 hours ago

NEW YORK, June 30, 2023 /PRNewswire/ —

Rosen Law Firm, PA Logo
Rosen Law Firm, PA Logo(PRNewswire)

WHY: Rosen Law Firm, a global investor rights law firm, reminder purchasers of the securities of Futu Holdings Limited (NASDAQ: FUTU) between April 27, 2020 and May 16, 2023both dates inclusive (the “Class Period”), of the important August 11, 2023 lead plaintiff deadline, in the securities class action commenced by the Firm.

SO WHAT: If you purchased Futu securities during the Class Period, you may be entitled to compensation without

Reminder: Minnesota Non-Compete Ban Takes Effect on Saturday, July 1

As we previously reported, Minnesota will soon become only the fourth state (along with California, Oklahoma and North Dakota) to ban non-competitors.

The state’s new law renders void and unenforceable all covenants not to compete entered by employees or independent contractors on or after July 1, 2023. The only exceptions are noncompetitive agreements relating to the sale or dissolution of a business.

A “covenant not to compete” is defined in the statute to exclude non-disclosure and non-solicitation provisions, and the law states that no other provisions in an agreement containing a non-compete shall be affected. The law also prohibits …

Deuterman Law Group, PA – Firm Overview

Content is provided by the firm.

From the beginning, the Deuterman Law Group, a North Carolina Injury Law Firm, has been a different kind of injury law firm. We are a law firm focused on professionalism, ethics, respect, customer service and community service.

Our Philosophy

Ethics, professionalism, customer service, justice, community service. Here, they’re more than buzzwords. They’re our core values. It’s the way we work, and it works well for us and for our clients.

I established the Deuterman Law Group in 2003 because I knew there was a better way to work, to treat employees and to serve

Upcoming Webinars! NLRB and Restrictive Covenants: Trends in Employment Confidentiality | Seyfarth Shaw

Wednesday, July 19, 2023
3:00 pm to 4:00 pm Eastern
2:00 pm to 3:00 pm Central
1:00 pm to 2:00 pm Mountain
12:00 pm to 1:00 pm Pacific

REGISTER HERE

Confidentiality obligations and restrictive covenants are crucial tools employed by organizations to protect sensitive information, trade secrets and competitive advantages. However, recent state law and regulatory developments and NLRB decisions have created a complex web of considerations that employers must navigate when drafting and enforcing these agreements. Seyfarth’s fourth installment in the 2023 Trade Secrets Webinar Series aims to provide in-depth insights into two key areas of concern: carveouts to