ATLANTA, GA – – (Globe Newswire – October 7, 2024) – – A shareholder class action lawsuit has been filed against iLearningEngines, Inc. (“iLearningEngines” or the “Company”) (NASDAQ: AILE). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company’s business, operations, and prospects, including allegations that: (1) iLearningEngines’ “Technology Partner” was an undisclosed related party; (2) the Company used its undisclosed related party Technology Partner to report “largely fake” revenue and expenses; and (3) as a result of the foregoing, iLearningEngines significantly overstated its revenue.

If you bought shares of iLearningEngines between April 22, 2024 and August 28, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/ilearningengines/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is December 6, 2024.