ROSEN, TOP-RANKED INVESTOR COUNSEL, Encourages iLearningEngines, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – AILE

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of iLearningEngines, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - The Class Period for the iLearningEngines securities is from April 22, 2024, to August 28, 2024 [1] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by December 6, 2024 [1][3] Group 2: Allegations Against iLearningEngines - The lawsuit alleges that iLearningEngines made false and misleading statements and failed to disclose that its "Technology Partner" was an undisclosed related party [3] - It is claimed that iLearningEngines used this undisclosed related party to report "largely fake" revenue and expenses, significantly overstating its revenue [3] - The positive statements made by defendants regarding iLearningEngines' business and prospects were materially misleading and lacked a reasonable basis [3] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company [2] - The firm was ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [2] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [2]