Core Viewpoint - Rosen Law Firm is reminding investors who purchased iLearningEngines, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought iLearningEngines securities between April 22, 2024, and August 28, 2024, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by December 6, 2024 [3]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting their own achievements in this area [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone, and has been recognized as a leader in securities class action settlements [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, iLearningEngines made false and misleading statements, including the undisclosed relationship with a Technology Partner that reported inflated revenue and expenses [5]. - As a result of these misrepresentations, iLearningEngines significantly overstated its revenue, leading to misleading statements about its business and operations [5].
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages iLearningEngines, Inc. Investors to Secure Counsel Before Important December 6 Deadline in Securities Class Action – AILE