Warshaw Burstein recently filed a lawsuit in United States District Court, Southern District of New York, on behalf of its client, Mullen Automotive, an emerging electric vehicle manufacturer, against TD Ameritrade, Charles Schwab, National Finance Services and others, alleging that these broker dealers engaged in a scheme to manipulate the share price of the Company’s securities.
The lawsuit seeks compensatory damages and injunctive relief from Defendants arising from their unlawful conduct in violation of Section 10b and Rule 10b-5 promulgated thereunder of the Securities Exchange Act of 1934 (“the Exchange Act”).
Alan M. Pollack, a partner in the firm’s Litigation Group, was featured in various media outlets discussing the lawsuit and the issue more generally over the last several weeks.
