NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of iLearningEngines, Inc. (âiLearningEnginesâ or âthe Companyâ) ( AILE). Investors who purchased iLearningEngines securities are encouraged to obtain additional information and assist the investigation by visiting the firmâs site: bgandg.com/AILE.
Investigation Details
On August 29, 2024, iLearningEngines became the subject of a report by Hindenburg Research focusing on its accounting practices and corporate governance. The report states, âthe majority of iLearningEnginesâ revenue doesnât exist, and that its relationship with the mystery âTechnology Partnerâ is merely a conduit for falsifying its financials.â Following this news, iLearningEngines stock dropped almost 60% on that same day during intraday trading.
What's Next?
If you are aware of any facts relating to this investigation or purchased iLearningEngines securities, you can assist this investigation by visiting the firmâs site: bgandg.com/AILE. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneysâ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]