INOD - Investor Notice: Robbins LLP Informs Investors of Class Action Filed Against Innodata Inc. (INOD) | Benzinga

SAN DIEGO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs 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 ...

INOD)>Full story available on Benzinga.com