Investors Encouraged to Join Class Action Against iLearningEngines, Inc.

LOS ANGELES, Oct. 23, 2024 /PRNewswire/ — The Law Offices of Frank R. Cruz report that investors who have experienced significant losses may have the chance to lead a 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

Shareholders who suffered a loss are encouraged to take part. Click here for more information.

The complaint claims that during the Class Period, Defendants failed to reveal critical information to investors, including: (1) the Company’s “Technology Partner” being a related party; (2) the use of this undisclosed partner to report inflated “largely fake” revenue and expenses; (3) significant overstatements of the Company’s revenue; and (4) misleading positive statements made about the Company’s business and prospects.

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If you want to join the class action, no immediate action is required. You can choose to hire your own lawyer or remain an absent participant. For more details about this class action or if you have questions about your rights or interests, please contact 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 or email info@frankcruzlaw.com. Please include your mailing address, phone number, and the number of shares purchased if you inquire by email.

This press release may constitute Attorney Advertising in certain jurisdictions under relevant laws and ethical rules.

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SOURCE The Law Offices of Frank R. Cruz, Los Angeles