Core Viewpoint - A securities class action lawsuit has been filed against iLearningEngines, Inc. for failing to disclose critical information regarding its financial reporting during a specified class period [1][4]. Company Overview - iLearningEngines, Inc. is based in Bethesda, Maryland, and operates an AI-driven platform for learning [4]. Lawsuit Details - The lawsuit pertains to investors who purchased iLearningEngines securities between April 22, 2024, and August 28, 2024 [1]. - The complaint alleges that the company did not disclose that its "Technology Partner" was an undisclosed related party and that it used this partner to report "largely fake" revenue and expenses [4]. Participation Information - Investors who acquired iLearningEngines securities during the class period can seek to be appointed as lead plaintiff representatives by December 6, 2024 [3].
DEADLINE APPROACHING: Berger Montague Advises iLearningEngines (NASDAQ: AILE) Investors to Inquire About a Securities Fraud Class Action by December 6, 2024