INOD - Investors Sue Innodata Inc. (INOD) After Short Seller Accuses Company of AI Washing – Hagens Berman | Benzinga
SAN FRANCISCO, March 13, 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 ...
INOD) After Short Seller Accuses Company of "AI Washing" – Hagens Berman>Full story available on Benzinga.com