Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against iLearningEngines, Inc. due to allegations of securities law violations, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by December 6, 2024 [2][4]. Group 1: Allegations Against iLearningEngines - The complaint alleges that iLearningEngines and its executives made false and misleading statements, including the undisclosed relationship with a "Technology Partner" [4]. - It is claimed that iLearningEngines reported "largely fake" revenue and expenses through this undisclosed related party, significantly overstating its revenue [4][5]. - Specifically, Hindenburg Research alleged that iLearningEngines falsely reported $138 million in revenue from the Indian market in 2022, while the actual revenue was approximately $853,471, representing a 99.4% discrepancy [5][6]. Group 2: Market Reaction - Following the publication of Hindenburg Research's report, iLearningEngines' share price fell by $1.70, or 53.3%, closing at $1.49 on August 29, 2024, amid unusually heavy trading volume [6]. Group 3: Legal Proceedings - Investors who suffered losses exceeding $75,000 between April 22, 2024, and August 28, 2024, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1]. - The role of lead plaintiff in the class action is open to any member of the putative class, with the lead plaintiff being the one with the largest financial interest [7].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In iLearningEngines To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $75,000 in iLearningEngines between April 22, 2024 and August 28, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information] Faruqi & Faruq ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of iLearningEngines, Inc. (NASDAQ: AILE) regarding a class action lawsuit due to allegations of misleading statements and undisclosed related party transactions [1][3]. Group 1: Allegations and Class Period - The class period for the allegations is from April 22, 2024, to August 28, 2024 [3]. - Allegations include that the company had a "Technology Partner" that was an undisclosed related party, leading to the reporting of "largely fake" revenue and expenses [3]. - As a result of these actions, the company significantly overstated its revenue, and the defendants' positive statements about the company's business were materially misleading [3]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by December 6, 2024, to potentially be appointed as lead plaintiffs [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [4]. - Participation in the case incurs no cost or obligation for the shareholders [4]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered due to deceit, fraud, and illegal business practices [5]. - The firm is committed to ensuring companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].

NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of iLearningEngines, Inc. (NASDAQ: AILE) between April 22, 2024 and August 28, 2024, both dates inclusive (the “Class Period”), of the important December 6, 2024 lead plaintiff deadline. SO WHAT: If you purchased iLearningEngines securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In iLearningEngines To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in iLearningEngines between April 22, 2024 and August 28, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Nov. ...

SAN FRANCISCO, Nov. 18, 2024 (GLOBE NEWSWIRE) --  The price of iLearningEngines (NASDAQ: AILE) shares crashed over 30% lower on November 18, 2024 after announcing that (i) the company had placed CFO S. Farhan Naqvi on administrative leave effective immediately, (ii) its outside auditor had withdrawn its prior opinions, (iii) investors should no longer rely on previously-filed financial statements, and (iv) the SEC had subpoenaed the company seeking various documents and information. The company’s recent ann ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Nov. 18, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises iLearningEngines, Inc. ("iLearningEngines " or the "Company") (NASDAQ: AILE) investors of a class action representing investors that bought securities between April 22, 2024 and August 28, 2024, inclusive (the "Class Period"). iLearningEngines investors have until December 6, 2024 to file a lead plaintiff motion. Investors are encouraged to con ...

LOS ANGELES, Nov. 18, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against iLearningEngines, Inc. ("iLearningEngines" or "the Company") (NASDAQ: AILE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between April 22, 2024 and August 28, 2024, inclusive (the "Clas ...

Bonnie-Jeanne Gerety Appointed Interim CFO Thomas Olivier Appointed Interim COO Postpones Announcement of 3rd Quarter 2024 Financial Results BETHESDA, Md., Nov. 18, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ: AILE) (“iLearningEngines,” “ILE” or the “Company”) a leader in AI-powered learning and work automation, today announced the appointment of Bonnie-Jeanne Gerety as Interim Chief Financial Officer (“CFO”) and the appointment of Thomas Olivier as Interim Chief Operating Officer (“COO”). Farha ...

NEW YORK, Nov. 18, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of iLearningEngines, Inc. (NASDAQ: AILE).Shareholders who purchased shares of AILE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/ilearningengines-loss-submission-form/?id=112083&from=4CLASS PERIOD: April 22, 202 ...