INVESTOR ACTION REMINDER: The Schall Law Firm Encourages Investors in Innodata Inc. with Losses of $100,000 to Contact the Firm
Investors who purchased the Company’s securities between May 9, 2019 and February 14, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before April 22, 2024.
LOS ANGELES, April 09, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Innodata Inc. (“Innodata” or “the Company”) (NASDAQ: INOD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between May 9, 2019 and February 14, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before April 22, 2024.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Innodata failed to develop viable AI technology. Contrary to the Company’s claims, its GoldenGate AI platform was basic software created by a small group of employees. The Company would not utilize AI in its new Silicon Valley contracts to any real degree. The Company failed to invest in AI research & development. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Innodata, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
SOURCE:
The Schall Law Firm
