NEW YORK, NY - (NewMediaWire) - September 07, 2024 - Kaplan Fox & Kilsheimer LLP continues to investigate potential securities law violations against iLearningEngines, Inc. (“iLearningEngines” or the “Company”) (NASDAQ: AILE).

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If you are an iLearningEngines investor and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

On August 29, 2024 Hindenburg Research published a report entitled, “iLearningEngines: An Artificial Intelligence SPAC With Artificial Partners And Artificial Revenue” (the “Hindenburg Report”).  The Hindenburg Report alleges “[w]e suspect both the company’s revenue and expenses are largely fake” and “[w]e believe the majority of iLearningEngines’ revenue doesn’t exist, and that its relationship with the mystery ‘Technology Partner’ is merely a conduit for falsifying its financials.” Following the publication of the Hindenburg Report, iLearningEngines issued a statement that “it contains misleading statements, speculations and innuendos” and that the Company “intend[s] to respond in the coming days.”

On August 29, 2024, the price of iLearningEngine’s stock fell $1.70 per share, over 53%, to close at $1.49 per share on heavy trading volume of over 12 million shares.

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If you have any questions about this investigation, please contact:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com

Laurence D. King

KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: lking@kaplanfox.com