INOD - INNODATA ALERT: Bragar Eagel & Squire P.C. is Investigating Innodata Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Innodata Inc. (NASDAQ:INOD) on behalf of long-term stockholders following a class action complaint that was filed against Innodata on February 21, 2024 with a Class Period from May 9, 2019 to February 14, 2024. Our investigation concerns whether the board of directors of Innodata have breached their fiduciary duties to the company.
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 Innodata's status as an AI pioneer, other companies were only hiring Innodata for cheap labor and its operations were ...