INOD - INNODATA ALERT: Bragar Eagel & Squire P.C. Announces that a Class Action Lawsuit Has Been Filed Against Innodata Inc. and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Innodata Inc. ("Innodata" or the "Company") (NASDAQ:INOD) in the United States District Court for the District of New Jersey on behalf of all persons and entities who purchased or otherwise acquired Innodata securities between May 9, 2019 and February 14, 2024, both dates inclusive (the "Class Period"). Investors have until April 22, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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The lawsuit alleges that on February 15, 2024, Wolfpack Research published a report revealing that Innodata misrepresented the nature and extent of its business and operations. The Wolfpack Report showed that Innodata's AI is really "smoke and mirrors" and that the Company's marketing claims are like "putting lipstick on a pig." While the Defendants touted ...