NASDAQ: INOD

Innodata Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Innodata Inc. (NASDAQ: INOD) between May 9, 2019 and February 14, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 22, 2024.

If you purchased Innodata common stock during the Class Period and would like to join the action, please click “Join This Class Action.”

 

Class Period:May 9, 2019 through February 14, 2024

Deadline:

5 Days
If you purchased Innodata common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements, as well as failed to disclose material facts, including that Innodata:

  • did not have a viable Artificial Intelligence (“AI”) technology;
  • its Goldengate AI platform is a rudimentary software developed by just a handful of employees;
  • it was not going to utilize AI to any significant degree for new Silicon Valley contracts;
  • it was not effectively investing in research and development for AI; and
  • 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.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Innodata Inc.
Stock Symbol: INOD
Class Period: May 9, 2019 through February 14, 2024
Court: United States District Court for the District of New Jersey

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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