LOS ANGELES, Nov. 15, 2024 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) announced today that investors who incurred significant losses may have the chance to lead a 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

Investors interested in becoming the lead plaintiff in the iLearningEngines lawsuit can submit their contact information at www.glancylaw.com/cases/iLearningEngines-Inc/. For additional information, Charles H. Linehan of GPM can be reached at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com.

The filed complaint asserts that from April 22 to August 28, 2024, the Company failed to inform investors about critical issues: (1) its “Technology Partner” was an undisclosed related party; (2) this partner was allegedly used to fabricate (“largely fake”) revenue and expenses; (3) as a result, the Company overstated its revenue significantly; and (4) consequently, the Company’s positive claims about its business were fundamentally misleading.

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To participate in the class action, no immediate action is required. Individuals can choose to retain their own legal counsel or stay as passive members of the class action. For more information regarding the class action or any related questions, contact Charles Linehan, Esquire at GPM, located at 1925 Century Park East, Suite 2100, Los Angeles, California 90067. He can be reached at 310-201-9150, or Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com. Please include your mailing address, phone number, and number of shares purchased in email inquiries.

This press release is categorized as Attorney Advertising in certain jurisdictions according to applicable laws and ethical standards.

Contacts
Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com

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SOURCE Glancy Prongay & Murray LLP