NEW
YORK, March 29, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Innodata
Inc. (NASDAQ: INOD).
Shareholders who purchased shares of INOD during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/innodata-loss-submission-form/?id=73186&from=4
CLASS PERIOD: May 9, 2019
to February 14, 2024
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (1) Innodata
did not have a viable AI technology; (2) its Goldengate AI
platform, the centerpiece of Innodata's reported AI technology, 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; (4) it was not effectively investing
in research and development for AI; and (5) 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.
DEADLINE: April 22, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/innodata-loss-submission-form/?id=73186&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of INOD during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is April 22, 2024. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm