LOS ANGELES
,
Oct. 23, 2024
/PRNewswire/ — The Law Offices of Frank R. Cruz announces that investors with substantial losses have a unique chance to spearhead the securities fraud class action lawsuit against iLearningEngines, Inc. (“iLearningEngines” or the “Company”) AILE.
Class Period: April 22, 2024 – August 28, 2024
Lead Plaintiff Deadline: December 6, 2024
If you are a shareholder who suffered a loss, click
here to participate.
The filed complaint unveils that during the Class Period, Defendants kept hidden crucial information from investors: (1) the Company’s “Technology Partner” was an undisclosed related party; (2) the Company utilized its undisclosed related party Technology Partner to fabricate “largely fake” revenue and expenses; (3) as a result, the Company significantly inflated its revenue; and (4) consequently, Defendants’ favorable statements concerning the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Stay tuned for updates on Twitter:
twitter.com/FRC_LAW.
To join the class action, no immediate action is needed; you can engage counsel of your choosing or opt to remain inactive and be an absent member of the class action. For more details on this class action or if you have any queries regarding this announcement or your rights or interests connected to the pending class action lawsuit, reach out to Frank R. Cruz at The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email at info@frankcruzlaw.com, or visit the website at
www.frankcruzlaw.com. If contacting via email, remember to include your mailing address, telephone number, and the number of shares purchased.
This press release may be deemed as Attorney Advertising in certain jurisdictions under the applicable law and ethical rules.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles
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