Core Viewpoint - The Gross Law Firm is notifying shareholders of iLearningEngines, Inc. about a class action lawsuit due to allegations of misleading statements and undisclosed related party transactions that inflated the company's revenue [1][2]. Group 1: Allegations and Class Period - The class period for the allegations is from April 22, 2024, to August 28, 2024 [2]. - Allegations include that the company had an undisclosed related party as a "Technology Partner" and used this partner to report inflated revenue and expenses [2]. - The complaint asserts that the company significantly overstated its revenue, leading to materially misleading statements about its business and prospects [2]. 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 plaintiff [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. - Participation in the case incurs no cost or obligation for the shareholders [3]. Group 3: Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights against deceit and fraud, emphasizing responsible business practices [4]. - The firm seeks recovery for investors who suffered losses due to false or misleading statements that artificially inflated stock prices [4].
The Gross Law Firm Reminds iLearningEngines Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of December 6, 2024 – AILE