Press release
Investigation announced for Long-Term Investors in shares of Innodata Inc. (NASDAQ: INOD)
An investigation on behalf of current long term investors in Innodata Inc. (NASDAQ: INOD) shares.
Investors who are current long term investors in Innodata Inc. (NASDAQ: INOD) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: INOD stocks follows a lawsuit filed against Innodata Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: INOD stocks, concerns whether certain Innodata Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the New Jersey the plaintiff alleges that, the Defendants made false and/or misleading statements, as well as failed to disclose material facts, including that Innodata: did not have a viable AI technology, that its Goldengate AI platform is a rudimentary software developed by just a handful of employees, that it was not going to utilize AI to any significant degree for new Silicon Valley contracts, that it was not effectively investing in research and development for AI, and that 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.
Those who purchased shares of Innodata Inc. (NASDAQ: INOD) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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