Core Viewpoint - A class action securities lawsuit has been filed against iLearningEngines, Inc. for alleged securities fraud affecting investors between April 22, 2024, and August 28, 2024 [1][2] Group 1: Allegations - The lawsuit claims that the Company made false statements and concealed that its "Technology Partner" was an undisclosed related party [2] - It is alleged that the Company used this undisclosed related party to report "largely fake" revenue and expenses, leading to a significant overstatement of its revenue [2] - As a result of these actions, the defendants' positive statements regarding the Company's business, operations, and prospects were materially misleading and lacked a reasonable basis [2] Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until December 6, 2024, to request to be appointed as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Law Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]
Lost Money on iLearningEngines, Inc.(AILE)? Join Class Action Suit Seeking Recovery – Contact Levi & Korsinsky