INOD - INOD INVESTOR ALERT: Hagens Berman National Trial Attorneys Encourages Innodata Inc. (INOD) Investors with Substantial Losses to Contact Firm Securities Class Action Filed on Claims of AI Washing | Benzinga
SAN FRANCISCO, April 08, 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 Feb. 15, 2024, when activist short seller Wolfpack Research published a report, "Exposing ...
INOD) Investors with Substantial Losses to Contact Firm, Securities Class Action Filed on Claims of "AI Washing">Full story available on Benzinga.com