{"id":84178,"date":"2024-08-30T19:41:04","date_gmt":"2024-08-30T19:41:04","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/ilearningengines-inc-announcement-if-you-have-suffered-losses-in-ilearningengines-inc-nasdaq-aile-contact-the-rosen-law-firm-about-your-rights-aile\/"},"modified":"2024-08-30T19:41:04","modified_gmt":"2024-08-30T19:41:04","slug":"ilearningengines-inc-announcement-if-you-have-suffered-losses-in-ilearningengines-inc-nasdaq-aile-contact-the-rosen-law-firm-about-your-rights-aile","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/ilearningengines-inc-announcement-if-you-have-suffered-losses-in-ilearningengines-inc-nasdaq-aile-contact-the-rosen-law-firm-about-your-rights-aile\/","title":{"rendered":"iLEARNINGENGINES, INC. ANNOUNCEMENT: If You Have Suffered Losses in iLearningEngines, Inc. (NASDAQ: AILE), Contact The Rosen Law Firm About Your Rights \u2013 AILE"},"content":{"rendered":"
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NEW YORK, Aug. 30, 2024 (GLOBE NEWSWIRE) — <\/p>\n

Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of iLearningEngines, Inc. (NASDAQ: AILE) resulting from allegations that iLearningEngines may have issued materially misleading business information to the investing public.<\/p>\n

So What: If you purchased iLearningEngines securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

What to do next: To join the prospective class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=28305<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com<\/a> for information on the class action.<\/p>\n

What is this about: On August 29, 2024, Hindenburg Research issued a report on iLearningEngines entitled, \u201ciLearningEngines: An Artificial Intelligence SPAC With Artificial Partners And Artificial Revenue.\u201d The report states several concerns regarding iLearningEngines\u2019 operations. According to the report, iLearningEngines was asked if \u201cTechnology Partner\u201d, a UAE-based entity named Experion Technologies, was a related party, to which they responded it was not. However, nearly all of iLearningEngines\u2019 revenue and expenses appear to run through \u201cTechnology Partner.\u201d The report concludes \u201cthe majority of iLearningEngines\u2019 revenue doesn\u2019t exist, and that its relationship with the mystery \u201cTechnology Partner\u201d is merely a conduit for falsifying its financials.\u201d<\/p>\n

On this news, iLearningEngines\u2019 stock fell 46% during pre-market trading on August 29, 2024.<\/p>\n

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————-<\/p>\n

Contact Information:<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Laurence Rosen, Esq.
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Phillip Kim, Esq.
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The Rosen Law Firm, P.A.
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0275 Madison Avenue, 40th Floor
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0New York, NY 10016
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Tel: (212) 686-1060
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Toll Free: (866) 767-3653
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Fax: (212) 202-3827
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0case@rosenlegal.com<\/a>
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0www.rosenlegal.com<\/a><\/p>\n

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