Investors Brace for Class Action Against iLearningEngines, Inc.

BENSALEM, Pa., Nov. 8, 2024 /PRNewswire/ — The Law Offices of Howard G. Smith has announced that investors who have suffered significant losses can take part in a class action lawsuit against iLearningEngines, Inc. (“iLearningEngines” or the “Company”) AILE.

Class Action Details

Class Period: April 22, 2024 – August 28, 2024

Lead Plaintiff Deadline: December 6, 2024

Investors experiencing losses from their iLearningEngines investments are urged to contact the Law Offices of Howard G. Smith at 215-638-4847 or via email at howardsmith@howardsmithlaw.com to explore their legal options.

Claims Against iLearningEngines

The lawsuit alleges that during the Class Period, the Company misled investors by failing to disclose critical information. These include: (1) the “Technology Partner” was an undisclosed related party; (2) the Company reported “largely fake” revenue and expenses with this partner; (3) this oversight resulted in a significant overstatement of revenue; and (4) the Company’s positive statements regarding its business and prospects were materially misleading and lacked a reasonable basis.

Participation in the Lawsuit

Interested individuals do not need to take any immediate action to be part of the class. They can opt to hire their own attorney or remain a passive member. For more information regarding this class action or any questions about the lawsuit, contact Howard G. Smith, Esquire, of the Law Offices of Howard G. Smith, located at 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, at (215) 638-4847, or email howardsmith@howardsmithlaw.com. More details can also be found on their website at www.howardsmithlaw.com.

This announcement may qualify as Attorney Advertising in certain jurisdictions based on appropriate legal and ethical regulations.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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SOURCE Law Offices of Howard G. Smith