{"id":6624,"date":"2024-10-10T02:29:00","date_gmt":"2024-10-09T19:29:00","guid":{"rendered":"https:\/\/www.globenewswire.com\/news-release\/2024\/10\/09\/2960876\/32719\/en\/Investor-Notice-Robbins-LLP-Informs-Stockholders-of-the-Class-Action-Lawsuit-Filed-Against-iLearningEngines-Inc.html2960876"},"modified":"2024-10-10T02:32:19","modified_gmt":"2024-10-09T19:32:19","slug":"investor-notice-robbins-llp-informs-stockholders-of-the-class-action-lawsuit-filed-against-ilearningengines-inc","status":"publish","type":"post","link":"https:\/\/cryptoinsider.asia\/vi\/investor-notice-robbins-llp-informs-stockholders-of-the-class-action-lawsuit-filed-against-ilearningengines-inc\/","title":{"rendered":"Investor Notice: Robbins LLP Informs Stockholders of the Class Action Lawsuit Filed Against iLearningEngines, Inc."},"content":{"rendered":"\n<p align=\"justify\">SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) &#8212; <\/p>\n<p align=\"justify\"><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=DiczHrqcBitfUIvkR-uWX9SUp1emK8z0FL8Px-eMj6XVTedI8Mlmawu-faqvHRiW24FJNR8O4o_ZenNdhk6kVVicPCU3N1WmFhJfnBCYLWE=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Robbins LLP\">Robbins LLP<\/a>&nbsp;informs investors that a shareholder filed a class action on behalf of all persons and entities who purchased or otherwise acquired iLearningEngines, Inc. (NASDAQ: AILE) securities between April 22, 2024 and August 28, 2024. iLearningEngines purports to be an \u201cAI-powered learning automation\u201d software company.<\/p>\n<p align=\"justify\">For more information, submit a <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Dib9IsAuRY7fkmiWpjZqGP5eEybdyrxjhA3mnNHxr5BR3hfUmBa0gL0s_rgsb2DyJMlzeW3KfQFxDTZGEIHCgCT91zPSOPCf_Phxdt1jIrA=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"form\">form<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=yF2eDGN2xrd-y7dCpCS0nR8fWwgu7ksrsbE9VtX6vh4c0DeKK6vIH6nXqlN3VMXDW3piMuMzuUo-JUjNN1c_dA==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"email\">email<\/a> attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.<\/p>\n<p align=\"justify\"><strong>The Allegations:<\/strong> Robbins LLP is Investigating Allegations that iLearningEngines, Inc. (AILE) Misled Investors Regarding its Business Prospects<\/p>\n<p align=\"justify\">According to the complaint, on August 29, 2024, Hindenburg Research published a report titled \u201ciLearningEngines: An Artificial Intelligence SPAC With Artificial Partners and Artificial Revenue.\u201d In its report, Hindenburg Research alleged that nearly all the Company\u2019s revenue and expenses in 2022 and 2023 were run through an undisclosed related party, which the Company refers to as their \u201cTechnology Partner.\u201d Hindenburg Research further alleged that iLearningEngines uses its undisclosed related party relationship to report revenue and expenses that are \u201clargely fake.\u201d Among other things, Hindenburg Research alleged the Company used its undisclosed related party relationship with this Technology Partner to falsely report $138 million in revenue from the Indian market in 2022, when in reality, total revenue was, in fact, approximately $853,471.00, or 99.4% less than what iLearningEngines\u2019 claimed in revenue in the country that period. On this news, the Company\u2019s share price fell $1.70 or 53.3%, to close at $1.49 on August 29, 2024.<\/p>\n<p align=\"justify\">Plaintiff alleges that defendants failed to disclose to investors: (1) that the Company\u2019s \u201cTechnology Partner\u201d was an undisclosed related party; (2) that the Company used its undisclosed related party Technology Partner to report \u201clargely fake\u201d revenue and expenses; and (3) that, as a result of the foregoing, the Company significantly overstated its revenue.<\/p>\n<p align=\"justify\"><strong>What Now<\/strong>: You may be eligible to participate in the class action against iLearningEngines, Inc. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by December 6, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click&nbsp;<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zGihkQas1q9Nii3ujl5nQnmrsxj7mwh9pIR1ZuUv2XmqLp3ec4vCfY7LY1GN4iZEytumtjvdxVJPTjO7X8sRYTT-4PpISs6sKfmhPLaSAF8=\" rel=\"nofollow noopener\" target=\"_blank\" title><u>here<\/u><\/a>.<\/p>\n<p align=\"justify\"><strong><em>All representation is on a contingency fee basis. Shareholders pay no fees or expenses.<\/em><\/strong>&nbsp;&nbsp;<\/p>\n<p align=\"justify\"><strong>About Robbins LLP<\/strong>: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=s0iM2ghdUXC5VZ6yVAo3qvTJc7u784ZsU5B77IgWnB25hs8zynQ67R39Zp8kVr8yYMqiZiasFajOwFqBKYktQA==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Robbins LLP\"> Robbins LLP<\/a> have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders.<\/p>\n<p align=\"justify\">To be notified if a class action against iLearningEngines, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for&nbsp;<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=aDJmvmyJPRMIW4XcaWfJgQ260x4zdynPrGeCfPbwzBn5O56v6xMJhGhFnImvL1Uw5aT17JDuK4uVKtJZt-PyzAUJ0ja_Ts2sLHppLjMQt48=\" rel=\"nofollow noopener\" target=\"_blank\" title><u>Stock Watch<\/u><\/a>&nbsp;today.<\/p>\n<p align=\"justify\">Attorney Advertising. Past results do not guarantee a similar outcome.<\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=m6CH9EwtP_32dUFebWvU9kq6KnaUuPYgLAihVAYeE_1SIo5Y2nerJndRli6VGhrNZTguvkHN_fwp4XLpI5XfCrNDYj0xOoV5WrUp6wxli18mkQPcr92IL3TO6CmiSamKNznUZ7pfcUhZhnkVZVm6Q0ZVAGWFgFzdwnaiVrf_uULMFwFv25RcIll79bpD3PP9PQyYSNxSSAYyq3oZKMRQsKJy5__qfBSIsuIbdbC_rTKUioQOypNrc25U8R7ybsU6O2fr215fyfIbvBRIi0CkXw==\" rel=\"nofollow noopener\" target=\"_blank\" title>https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/a06e2060-25d5-4fe5-acc4-4906e5599561<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YmEwYzc3NGItYzU2ZC00MjE4LTk5MDktMTEyYTY4NzdhYWZiLTEwMjI3Mzc=\/tiny\/Robbins-LLP.png\" referrerpolicy=\"no-referrer-when-downgrade\">  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>  iLearningEngines, Inc. Class Action Lawsuit   Shareholder sues iLearningEngines, Inc. for misleading investors  SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) &#8212;  Robbins LLP\u00a0informs investors that a shareholder filed a class action on behalf of all persons and entities who purchased or otherwise acquired iLearningEngines, Inc. (NASDAQ: AILE) securities between April 22, 2024 and August 28, 2024. iLearningEngines purports to be an \u201cAI-powered learning automation\u201d software company. For more information, submit a form, email attorney Aaron Dumas,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6625,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[75,1406],"tags":[],"class_list":["post-6624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-globenewswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investor Notice: Robbins LLP Informs Stockholders of the Class Action Lawsuit Filed Against iLearningEngines, Inc.<\/title>\n<meta name=\"description\" content=\"iLearningEngines, Inc. Class Action Lawsuit  Shareholder sues iLearningEngines, Inc. for misleading investors SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Robbins LLP\u00a0informs investors that a shareholder filed a class action on behalf of all persons and entities who purchased or otherwise acquired iLearningEngines, Inc. (NASDAQ: AILE) securities between April 22, 2024 and August 28, 2024. iLearningEngines purports to be an \u201cAI-powered learning automation\u201d software company. 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(NASDAQ: AILE) securities between April 22, 2024 and August 28, 2024. iLearningEngines purports to be an \u201cAI-powered learning automation\u201d software company. 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Class Action Lawsuit  Shareholder sues iLearningEngines, Inc. for misleading investors SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Robbins LLP\u00a0informs investors that a shareholder filed a class action on behalf of all persons and entities who purchased or otherwise acquired iLearningEngines, Inc. (NASDAQ: AILE) securities between April 22, 2024 and August 28, 2024. iLearningEngines purports to be an \u201cAI-powered learning automation\u201d software company. For more information, submit a form, email attorney Aaron Dumas,...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"iLearningEngines, Inc. Class Action Lawsuit  Shareholder sues iLearningEngines, Inc. for misleading investors SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Robbins LLP\u00a0informs investors that a shareholder filed a class action on behalf of all persons and entities who purchased or otherwise acquired iLearningEngines, Inc. (NASDAQ: AILE) securities between April 22, 2024 and August 28, 2024. iLearningEngines purports to be an \u201cAI-powered learning automation\u201d software company. For more information, submit a form, email attorney Aaron Dumas,...","og_locale":"vi_VN","og_type":"article","og_title":"Investor Notice: Robbins LLP Informs Stockholders of the Class Action Lawsuit Filed Against iLearningEngines, Inc.","og_description":"iLearningEngines, Inc. Class Action Lawsuit  Shareholder sues iLearningEngines, Inc. for misleading investors SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Robbins LLP\u00a0informs investors that a shareholder filed a class action on behalf of all persons and entities who purchased or otherwise acquired iLearningEngines, Inc. (NASDAQ: AILE) securities between April 22, 2024 and August 28, 2024. iLearningEngines purports to be an \u201cAI-powered learning automation\u201d software company. For more information, submit a form, email attorney Aaron Dumas,...","og_url":"https:\/\/cryptoinsider.asia\/vi\/investor-notice-robbins-llp-informs-stockholders-of-the-class-action-lawsuit-filed-against-ilearningengines-inc\/","og_site_name":"Crypto Insider","article_publisher":"https:\/\/www.facebook.com\/yourcryptoinsider","article_published_time":"2024-10-09T19:29:00+00:00","article_modified_time":"2024-10-09T19:32:19+00:00","og_image":[{"url":"https:\/\/ml.globenewswire.com\/media\/YmEwYzc3NGItYzU2ZC00MjE4LTk5MDktMTEyYTY4NzdhYWZiLTEwMjI3Mzc=\/tiny\/Robbins-LLP.png","type":"","width":"","height":""}],"author":"Crypto Insider","twitter_card":"summary_large_image","twitter_misc":{"\u0110\u01b0\u1ee3c vi\u1ebft b\u1edfi":"Crypto Insider","\u01af\u1edbc t\u00ednh th\u1eddi gian \u0111\u1ecdc":"3 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