Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of January 13, 2025 in Hasbro, Inc. Lawsuit – HAS

NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Hasbro, Inc. (“Hasbro, Inc.” or the “Company”) (NASDAQ: HAS) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Hasbro, Inc. investors who were adversely affected by alleged securities fraud between February 7, 2022 and October 25, 2023. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/hasbro-inc-lawsuit-submission-form?prid=115727&wire=3

HAS investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: According to the filed complaint, it is alleged that defendants made numerous materially false and misleading statements and omissions about the quality inventory that Hasbro held throughout the class period, and represented that its rising inventory levels reflected outstanding and anticipated demand, rather than excess supply that outpaced waning demand. As a result of the foregoing, Hasbro common stock traded at artificially inflated prices throughout the Class Period and defendants’ statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT’S NEXT? If you suffered a loss in Hasbro, Inc. during the relevant time frame, you have until January 13, 2025 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.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com



Levi & Korsinsky Notifies Shareholders of ASML Holding N.V.(ASML) of a Class Action Lawsuit and an Upcoming Deadline

NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in ASML Holding N.V. (“ASML Holding N.V.” or the “Company”) (NASDAQ: ASML) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of ASML Holding N.V. investors who were adversely affected by alleged securities fraud between January 24, 2024 and October 15, 2024. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/asml-holding-n-v-lawsuit-submission-form?prid=115723&wire=3

ASML investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the issues being faced by suppliers, like ASML, in the semiconductor industry were much more severe than defendants had indicated to investors; (2) the pace of recovery of sales in the semiconductor industry was much slower than defendants had publicly acknowledged; (3) defendants had created the false impression that they possessed reliable information pertaining to customer demand and anticipated growth, while also downplaying risk from macroeconomic and industry fluctuations, as well as stronger regulations restricting the export of semiconductor technology, including the products that ASML sells; and (4) as a result, defendants’ statements about the Company’s business, operations, and prospects lacked a reasonable basis.

WHAT’S NEXT? If you suffered a loss in ASML Holding N.V. during the relevant time frame, you have until January 13, 2025 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.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com



Levi & Korsinsky Reminds Match Group, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 24, 2025 – MTCH

NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Match Group, Inc. (“Match Group, Inc.” or the “Company”) (NASDAQ: MTCH) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Match Group, Inc. investors who were adversely affected by alleged securities fraud between May 2, 2023 and November 6, 2024. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/match-group-inc-lawsuit-submission-form?prid=115725&wire=3

MTCH investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Match Group materially understated the challenges affecting Tinder and, as a result, understated the risk that Tinder’s monthly active user count would not recover by the time the Company reported its financial results for the third quarter of 2024; and (2) as a result, defendants’ statements about Match Group’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

WHAT’S NEXT? If you suffered a loss in Match Group, Inc. during the relevant time frame, you have until January 24, 2025 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.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com



PACS Group, Inc. Class Action: Levi & Korsinsky Reminds PACS Group, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 13, 2025 – PACS

NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in PACS Group, Inc. (“PACS Group, Inc.” or the “Company”) (NYSE: PACS) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of PACS Group, Inc. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons and entities that purchased or otherwise acquired PACS Group: (a) common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s April 11, 2024 initial public offering; and/or (b) securities between April 11, 2024 and November 5, 2024 inclusive. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/pacs-group-inc-lawsuit-submission-form?prid=115722&wire=3

PACS investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company engaged in a “scheme” to submit false Medicare claims which “drove more than 100% of PACS’ operating and net income from 2020 – 2023”; (2) the Company engaged in a “scheme” to “bill thousands of unnecessary respiratory and sensory integration therapies to Medicare”; (3) the Company engaged in a scheme to falsify documentation related to licensure and staffing; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT’S NEXT? If you suffered a loss in PACS Group, Inc. during the relevant time frame, you have until January 13, 2025 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.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com



Investors in Humacyte, Inc. Should Contact Levi & Korsinsky Before January 17, 2025 to Discuss Your Rights – HUMA

NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Humacyte, Inc. (“Humacyte, Inc.” or the “Company”) (NASDAQ: HUMA) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Humacyte, Inc. investors who were adversely affected by alleged securities fraud between May 10, 2024 and October 17, 2024. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/humacyte-inc-lawsuit-submission-form?prid=115720&wire=3

HUMA investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company’s Durham, North Carolina facility failed to comply with good manufacturing practices, including quality assurance and microbial testing; (2) the FDA’s review of the biologics license application would be delayed while Humacyte remediated these deficiencies; and (3) as a result, there was a substantial risk to FDA approval of acellular tissue engineered vessel for vascular trauma; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT’S NEXT? If you suffered a loss in Humacyte, Inc. during the relevant time frame, you have until January 17, 2025 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.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com



Xerox Holdings Corporation Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – XRX

NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Xerox Holdings Corporation (“Xerox Holdings Corporation” or the “Company”) (NASDAQ: XRX) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Xerox Holdings Corporation investors who were adversely affected by alleged securities fraud between January 25, 2024 and October 28, 2024. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/xerox-holdings-corporation-lawsuit-submission-form?prid=115721&wire=3 

XRX investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) after a large workforce reduction, the Company’s salesforce was reorganized with new territory assignments and account coverage; (2) as a result, the Company’s salesforce productivity was disrupted; (3) as a result, the Company had a lower rate of sell-through of older products; (4) the difficulties in flushing out older product would delay the launch of key products; (5), as a result, Xerox was likely to experience lower sales and revenue; and (6) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT’S NEXT? If you suffered a loss in Xerox Holdings Corporation during the relevant time frame, you have until January 21, 2025 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.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected] 
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com 



Verizon redefines clear connections on-the-go with the launch of Enhanced Video Calling

New intelligent network feature called network slicing provides differentiated service for customers’ mobile video calling needs

NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) — Verizon, a leader in wireless innovation, today announced the launch of Enhanced Video Calling powered by network slicing, currently available on iPhone. Enhanced Video Calling is a new technology feature allowing Verizon’s gold-standard network to intelligently adapt and manage data from video communication applications like Facetime, WhatsApp and Zoom to provide an even better experience for iPhone users.

Network slicing, the technology on which Enhanced Video Calling is based, addresses the evolving landscape of mobile consumption, where video calls are replacing traditional voice calls, streaming dominates entertainment, gaming has moved to the cloud, and businesses rely on real-time collaboration for a remote, distributed workforce. These data-intensive applications demand a network that can adapt and effectively manage traffic in real-time, maintaining high-quality audio and video connections while on the move, and ensuring seamless communication even in congested areas.

Building on Verizon’s legacy of extraordinary network quality and a commitment to connecting people, Enhanced Video Calling marks a significant advancement in mobile connectivity, delivering a host of benefits for Verizon customers when it matters most, including:

  • Clear Video Calls: Customers can get clear video calls even in times of congestion, making virtual connections feel more personal and engaging.
  • Consistent real-time collaboration: Low latency, high quality video conferencing, allowing minimized disruptions for essential business communications and critical scenarios.

“At Verizon, we are dedicated to pushing the boundaries of connectivity to empower our customers to thrive in today’s digital world,” says Srini Kalapala, Senior Vice President of Technology and Product Development. “Using the 5G advanced network features to power Enhanced Video Calling allows us to offer seamless mobile video calling experiences for our customers, even in congested areas.”

Enhanced Video Calling is available in select 5G Ultra Wideband coverage areas at no additional cost with the Unlimited Ultimate plan or Business Unlimited Pro 5G Plan, an iPhone14 or newer device, iOS 18.2 and with participating applications. Exclusions may apply. See Important Plan Information and FAQ for details.

Network slicing
technology marks a significant advancement in mobile connectivity. Enhanced Video Calling employs network slicing technology. This unique 5G advanced capability uses a virtualized network infrastructure to dynamically match network performance characteristics to specific application requirements, while optimizing the network performance to support all services.

The advanced capabilities, high speed, increased bandwidth, and low latency of 5G are inspiring the development of a wide variety of new use cases that include everything from massive numbers of IoT devices that use very few network resources, to smartphone applications that use data in countless ways, to more complex solutions such as gaming, AR/VR and mixed reality that will require massive computing capabilities and low latency on the edge of the network. Those solutions would each benefit from different combinations of network capabilities.

The 5G standalone core’s cloud-native applications, in combination with built-in Artificial Intelligence (AI) and Machine Learning (ML), enables the dynamic allocation of the appropriate resources, referred to as network slicing. It also allows for automated network configuration changes, including the ability to scale up or scale down network function capacity in real time – to provide the right service levels and network resources needed for each use case and customer.

For example, utility company smart readers use very little bandwidth, are not latency sensitive, and do not need mobility routing functions as they are in a fixed position attached to homes and do not move. This use case would require fewer network resources. Alternatively, massive multi-player online gaming in a mobile environment would benefit from certain upload and download speeds and low latency to work effectively and provide players with an immersive experience on a mobile device. In each case, using network slicing, Verizon would be able to better match network performance to application requirements. In short, dynamic network resource provisioning allows the network to dynamically support the experience customers should get for the applications they are using and efficiently provide that specific service level when resources are available.

MEDIA CONTACT:

Karen Schulz
864.561.1527
[email protected]



Evolv Technologies Holdings, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before December 31, 2024 to Discuss Your Rights – EVLV

NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Evolv Technologies Holdings, Inc. (“Evolv Technologies Holdings, Inc.” or the “Company”) (NASDAQ: EVLV) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Evolv Technologies Holdings, Inc. investors who were adversely affected by alleged securities fraud between August 19, 2022 and October 30, 2024. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/evolv-technologies-holdings-inc-lawsuit-submission-form-2?prid=115719&wire=3

EVLV investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: According to the filed complaint, defendants made false and/or misleading statements and/or failed to disclose that: Company’s financial statements prepared for the periods between Q2 2022 through Q2 2024 contained material misstatements relating to improper revenue recognition and other reported metrics that are a function of revenue. In truth, Evolv’s sales, including sales to one of its largest channel partners, were subject to extra-contractual terms and conditions not shared with the Company’s accounting personnel, distorting the Company’s reported revenue and other metrics that are a function of revenue during the Class Period. What’s more, far from the Company’s touted “growing momentum” and “continued traction” with channel partners, the Company’s personnel was engaged in misconduct concerning sales to one of the Company’s largest channel partners.

WHAT’S NEXT? If you suffered a loss in Evolv Technologies Holdings, Inc. during the relevant time frame, you have until December 31, 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.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com



Customers Bancorp, Inc. Sued for Securities Law Violations – Contact Levi & Korsinsky Before January 31, 2025 to Discuss Your Rights – CUBI

NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Customers Bancorp, Inc. (“Customers Bancorp, Inc.” or the “Company”) (NYSE: CUBI) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Customers Bancorp, Inc. investors who were adversely affected by alleged securities fraud between March 1, 2024 and August 8, 2024. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/customers-bancorp-inc-lawsuit-submission-form?prid=115718&wire=3

CUBI investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Customers Bancorp had inadequate anti-money laundering practices; (2) as a result, it was not in compliance with its legal obligations, which subjected it to heightened regulatory risk; and (3) as a result, defendants’ statements about Customers Bancorp’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times.

WHAT’S NEXT? If you suffered a loss in Customers Bancorp, Inc. during the relevant time frame, you have until January 31, 2025 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.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com



Shareholders that lost money on Xiao-I Corporation (AIXI) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More

NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Xiao-I Corporation (“Xiao-I Corporation” or the “Company”) (NASDAQ: AIXI) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Xiao-I Corporation investors who were adversely affected by alleged securities fraud between March 9, 2023 and July 12, 2024. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/xiao-i-corporation-lawsuit-submission-form?prid=115717&wire=3 

AIXI investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) defendants had downplayed the true scope and severity of risks that Xiao-I faced due to certain of its Chinese shareholders’ non-compliance with foreign investment enterprises established by way of round-tripping, including the Company’s inability to use offering proceeds for intended business purposes; (ii) Xiao-I had failed to comply with Generally Accepted Accounting Principles in preparing its financial statements; (iii) defendants had overstated Xiao-I’s efforts to remediate material weaknesses in the Company’s financial controls; (iv) Xiao-I was forced to incur significant R&D expenses to effectively compete in the AI industry; (v) Xiao-I had downplayed the significant negative impact that such expenses would have on the Company’s business and financial results; (vi) accordingly, Xiao-I overstated its AI capabilities, R&D resources, and overall ability to compete in the AI market; (vii) as a result of all the foregoing, there was a substantial likelihood that Xiao-I would fail to comply with the NASDAQ’s Minimum Bid Price Requirement; and (viii) as a result, the offering documents and defendants’ public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.

WHAT’S NEXT? If you suffered a loss in Xiao-I Corporation during the relevant time frame, you have until December 16, 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.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected] 
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com