Shareholders that lost money on Innodata Inc. (INOD) should contact Levi & Korsinsky about pending Class Action - INOD

NEW YORK, March 20, 2024

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Innodata investors who were adversely affected by alleged securities fraud between May 9, 2019 and February 14, 2024. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/innodata-lawsuit-submission-form?prid=71710&wire=4

INOD investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed 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.

WHAT'S NEXT? If you suffered a loss in Innodata during the relevant time frame, 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.