Lost Money at iLearningEngines, Inc.? Gibbs Law Group Investigates Possible Securities Law Violations

Gibbs Law Group continues to investigate a potential iLearningEngines, Inc. (NASDAQ: AILE) securities class action lawsuit on behalf of shareholders who lost money in iLearningEngines, Inc. (NASDAQ: AILE). Shares of iLearningEngines, Inc. fell more than 54% in intraday trading on Thursday, August 29, 2024, following a Hindenburg report alleging that “the majority of iLearningEngines’ revenues do not exist” and that its relationship with an undisclosed related party referred to as a “Technology Partner” “is a conduit for falsifying its financials.” Following the publication of the Hindenburg report, iLearningEngines issued a statement announcing that the company has reviewed the report and “intends to respond in the coming days.” On Tuesday, September 3, 2024, iLearningEngines fell another 11%, causing further damage to investors.

What should iLearningEngines, Inc. What do investors do?