Core Viewpoint - The Gross Law Firm is notifying shareholders of iLearningEngines, Inc. (NASDAQ: AILE) 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 "largely fake" revenue and expenses, leading to a significant overstatement of revenue [2]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action and can do so without any cost or obligation [3]. - The deadline for shareholders to seek lead plaintiff status is December 6, 2024 [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [4].
iLearningEngines, Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before December 6, 2024 to Discuss Your Rights - AILE