Recent Security Class Actions

iLearningEngines Inc. Common Stock (NASDAQ: AILE)

15 Days left to seek lead plaintiff status.

Company Name:iLearningEngines Inc. Common Stock
Stock Symbol:NASDAQ: AILE
Class Period Start:04/22/2024
Class Period End (inclusive):08/28/2024
Filing Deadline:12/06/2024

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company’s “Technology Partner” was an undisclosed related party; (2) that the Company used its undisclosed related party Technology Partner to report “largely fake” revenue and expenses; (3) that, as a result of the foregoing, the Company significantly overstated its revenue; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

iLearningEngines Inc. Common Stock (NASDAQ: AILE) Claim Form

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