iLearningEngines (AILE) Crashes After Company Places CFO on Leave, Auditor Withdraws Opinions, SEC Subpoenas Company - Hagens Berman
iLearningEngines, Inc. (AILE)
Company Research
Source: GlobeNewswire
SAN FRANCISCO, Nov. 21, 2024 (GLOBE NEWSWIRE) -- The price of iLearningEngines (NASDAQ: AILE) shares crashed over 30% lower on November 18, 2024 after announcing that (i) the company had placed CFO S. Farhan Naqvi on administrative leave effective immediately, (ii) its outside auditor had withdrawn its prior opinions, (iii) investors should no longer rely on previously-filed financial statements, and (iv) the SEC had subpoenaed the company seeking various documents and information. The company’s recent announcement follows a scathing report from a renowned activist short seller that cast doubt on the financial health and business model of iLearningEngines and gave rise to an investor class action. Hagens Berman urges iLearningEngines investors who suffered substantial losses to submit your losses now. Class Period: Apr. 22, 2024 – Aug. 28, 2024Lead Plaintiff Deadline: Dec. 6, 2024Visit: www.hbsslaw.com/investor-fraud/aileContact the Firm Now:AILE@hbsslaw.com 844-916-0895 Sec
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AILE
News
- Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against iLearningEngines, Inc. (AILE) and Encourages Investors to Learn More About the InvestigationAccesswire
- Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against iLearningEngines, Inc. (AILE) And Encourages Investors to Reach OutAccesswire
- Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against iLearningEngines, Inc. (AILE) And Encourages Stockholders to Reach OutAccesswire
- iLearningEngines Voluntarily Initiates Chapter 11 Proceedings [Yahoo! Finance]Yahoo! Finance
- iLearningEngines Voluntarily Initiates Chapter 11 ProceedingsGlobeNewswire
AILE
Sec Filings
- 12/23/24 - Form 8-K
- 12/16/24 - Form 8-K/A
- 12/10/24 - Form 424B3
- AILE's page on the SEC website