Details of the case: InnodataAccording to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements, as well as failed to disclose material facts, including that Innodata:
did not have a viable Artificial Intelligence (“AI”) technology;
its Goldengate AI platform is a rudimentary software developed by just a handful of employees;
it was not going to utilize AI to any significant degree for new Silicon Valley contracts;
it was not effectively investing in research and development for AI; and
based on the foregoing, defendants lacked a reasonable basis for their positive statements about Innodata’s AI business and development and related financial results, growth, and prospects.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Attorney Advertising. Prior results do not guarantee a similar outcome.
case of Scale AI
https://www.ainvest.com/news/meta-scale-ai-partnership-scrutiny-quality-concerns-executive-departures-2508/
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