Recent Security Class Actions

Innodata Inc. Common Stock (NASDAQ: INOD)

Company Name:Innodata Inc. Common Stock
Stock Symbol:NASDAQ: INOD
Class Period Start:05/09/2019
Class Period End (inclusive):02/14/2024
Filing Deadline:04/22/2024

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material facts, including that Innodata: (1) did not have a viable AI technology; (2) its Goldengate AI platform is a rudimentary software developed by just a handful of employees; (3) it was not going to utilize AI to any significant degree for new Silicon Valley contracts; (4) it was not effectively investing in research and development for AI; and (5) based on the foregoing, Defendants lacked a reasonable basis for their positive statements about Innodata’s AI business and development and related financial results, growth, and prospects.