INOD - Innodata Inc. (INOD) Falls 30% on Claims of AI Washing Then Hit With Securities Class Action – Hagens Berman | Benzinga
SAN FRANCISCO, March 21, 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 |
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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 Feb. 15, 2024, when activist short seller Wolfpack Research published a report, ...
INOD) Falls 30% on Claims of "AI Washing," Then Hit With Securities Class Action – Hagens Berman>Full story available on Benzinga.com