Innodata Inc. Class Action Lawsuit - INOD

The filed complaint alleges that Innodata Inc. made 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.

In order to be eligible to join the INOD class action lawsuit, you must have incurred a loss on shares of Innodata purchased during the class period listed above.

If you suffered a loss in Innodata during the relevant time frame or pursuant to the relevant offering(s), you have until April 22, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.