INOD - INOD STOCK NEWS: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Innodata Inc. Class Action | Benzinga
SAN DIEGO, March 05, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all those who purchased or otherwise acquired Innodata Inc. (NASDAQ:INOD) common stock between May 9, 2019 and February 14, 2024. Innodata is a global data engineering company that purports to be "delivering the promise of AI to many of the world's most prestigious companies."
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: According to the complaint, during the class period, defendants failed to disclose that Innodata: (1) 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.
Plaintiffs allege that on February 15, 2024, Wolfpack Research published a report revealing that Innodata misrepresented the nature ...