NEW YORK, Sept. 28, 2024 —

Rosen Law Firm, a global investor rights law firm, is investigating potential securities claims on behalf of investors who bought shares of iLearningEngines, Inc. (NASDAQ: AILE). The firm believes iLearningEngines may have provided misleading information to the public about its business.

If you bought iLearningEngines securities, you may be eligible for compensation. There are no out-of-pocket fees or costs involved, as the Rosen Law Firm works on a contingency fee basis. The firm is preparing a class action lawsuit to recover losses for investors.

To join the potential class action, visit or call Phillip Kim, Esq. toll-free at 866-767-3653 or email for more information.

On August 29, 2024, Hindenburg Research published a report on iLearningEngines called “iLearningEngines: An Artificial Intelligence SPAC With Artificial Partners And Artificial Revenue.” The report raised concerns that iLearningEngines’ revenue and expenses might be fabricated, suggesting that most of the company’s revenue and expenses were routed through an undisclosed related party known as a “Technology Partner.” Hindenburg also alleged that iLearningEngines misled the Securities and Exchange Commission (SEC) by claiming the “Technology Partner” was not a related party.

Following this news, iLearningEngines’ stock price dropped by $1.70 per share, or 53.3%, closing at $1.49 per share on August 29, 2024.

Rosen Law Firm encourages investors to choose qualified legal counsel with a proven track record of success in leading class actions. The firm emphasizes that many firms issuing similar notices may lack comparable experience, resources, or recognition within the legal community. Many of these firms may not actually litigate securities class actions. Rosen Law Firm represents investors worldwide, specializing in securities class actions and shareholder derivative litigation. They have secured the largest ever securities class action settlement against a Chinese company. Rosen Law Firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. They have consistently ranked in the top 4 each year since 2013 and have recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was recognized by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
     
     

 

SOURCE THE ROSEN LAW FIRM, P. A.