Investors Seek Lead Role in iLearningEngines Class Action Lawsuit

LOS ANGELES, Nov. 1, 2024 /PRNewswire/ — 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

Those interested in serving as lead plaintiffs in the iLearningEngines lawsuit can submit their details at www.glancylaw.com/cases/iLearningEngines-Inc/. For further inquiries, contact Charles H. Linehan of GPM via phone at 310-201-9150, toll-free at 888-773-9224, or email at [email protected] for information regarding their rights.

The filed complaint claims that during the class period, the Defendants did not disclose important information to investors. This includes: (1) that the Company’s “Technology Partner” was actually a related party; (2) the Company allegedly used this undisclosed partner to report “largely fake” revenues and expenses; (3) the result of these actions was a significant overstatement of company revenue; and (4) consequently, the Defendants’ positive comments about the Company’s business and outlook were misleading or unfounded.

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To participate in the class action, no immediate action is required; individuals may choose to retain their own counsel or simply remain part of the class. For additional information about this class action or any questions regarding this announcement, contact Charles Linehan, Esquire, at GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, toll-free at 888-773-9224, or via email at [email protected]. If asking via email, please include your mailing address, phone number, and the number of shares purchased.

Please note, this press release may be considered Attorney Advertising under certain laws and ethics rules.

Contacts 
Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

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SOURCE Glancy Prongay & Murray LLP