Core Viewpoint - Rosen Law Firm is reminding investors who purchased iLearningEngines, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on December 6, 2024 [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 can join by contacting Rosen Law Firm [3][6]. - To serve as lead plaintiff, individuals must file a motion with the Court by December 6, 2024 [3]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing clients [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, iLearningEngines made false and misleading statements, including the undisclosed relationship with its "Technology Partner" [5]. - It is claimed that iLearningEngines used this related party to report inflated revenue and expenses, significantly overstating its financial performance [5]. - The misleading statements about the company's business and prospects led to investor damages when the truth was revealed [5].
AILE Deadline: AILE Investors Have Opportunity to Lead iLearningEngines, Inc. Securities Fraud Lawsuit