INOD - HAGENS BERMAN NATIONAL TRIAL ATTORNEYS Encourages INOD Investors with Substantial Losses to Contact Firm Before Apr. 22nd Deadline | Benzinga
Innodata Inc. (INOD) Hit with Securities Class Action, Falls 30% on Claims of "AI Washing"– Hagens Berman
SAN FRANCISCO , April 11, 2024 (GLOBE NEWSWIRE) -- - Hagens Berman urges Innodata Inc. (NASDAQ:INOD) investors who suffered substantial losses to submit your losses now.
Class Period: May 9, 2019 – Feb. 14, 2024
Lead Plaintiff Deadline: Apr. 22, 2024
Visit: www.hbsslaw.com/investor-fraud/inod
Contact An Attorney Now: INOD@hbsslaw.com
844-916-0895
Innodata Inc. (INOD) Securities Fraud Class Action:
The litigation challenges Innodata's claims about its AI technology and Goldengate platform, which the company calls a "proprietary, state-of-the-art" "core AI technology stack."
The complaint alleges that Innodata misrepresented and failed to disclose that: (1) Innodata did not have a viable AI technology; (2) its Goldengate AI platform is a rudimentary software developed by just a handful of employees; (3) it was not going to utilize AI to any significant degree for new Silicon Valley contracts; and (4) it was not effectively investing in research and development for AI.
The truth emerged on ...