{"id":790900,"date":"2024-11-26T13:22:29","date_gmt":"2024-11-26T18:22:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/xiao-i-corporation-sued-for-securities-law-violations-contact-the-gross-law-firm-before-december-16-2024-to-discuss-your-rights-aixi\/"},"modified":"2024-11-26T13:22:29","modified_gmt":"2024-11-26T18:22:29","slug":"xiao-i-corporation-sued-for-securities-law-violations-contact-the-gross-law-firm-before-december-16-2024-to-discuss-your-rights-aixi","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xiao-i-corporation-sued-for-securities-law-violations-contact-the-gross-law-firm-before-december-16-2024-to-discuss-your-rights-aixi\/","title":{"rendered":"Xiao-I Corporation Sued for Securities Law Violations – Contact The Gross Law Firm Before December 16, 2024 to Discuss Your Rights \u2013 AIXI"},"content":{"rendered":"
\n

NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) — The Gross Law Firm issues the following notice to shareholders of Xiao-I Corporation (NASDAQ: AIXI).<\/strong><\/p>\n

Shareholders who purchased shares of AIXI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.<\/p>\n

CONTACT US HERE:<\/p>\n

\n https:\/\/securitiesclasslaw.com\/securities\/xiao-i-corporation-loss-submission-form\/?id=113433&from=3<\/a>\n <\/p>\n

\n CLASS PERIOD: <\/strong>March 9, 2023 to July 12, 2024<\/p>\n

\n ALLEGATIONS: <\/strong>The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (i) defendants had downplayed the true scope and severity of risks that Xiao-I faced due to certain of its Chinese shareholders\u2019 non-compliance with foreign investment enterprises established by way of round-tripping, including the Company\u2019s 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\u2019s efforts to remediate material weaknesses in the Company\u2019s 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\u2019s 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\u2019s Minimum Bid Price Requirement; and (viii) as a result, the offering documents and defendants\u2019 public statements throughout the class period were materially false and\/or misleading and failed to state information required to be stated therein.<\/p>\n

\n DEADLINE: December 16, 2024<\/strong> Shareholders should not delay in registering for this class action. Register your information here:\u00a0https:\/\/securitiesclasslaw.com\/securities\/xiao-i-corporation-loss-submission-form\/?id=113433&from=3<\/a><\/p>\n

\n NEXT STEPS FOR SHAREHOLDERS: <\/strong>Once you register as a shareholder who purchased shares of AIXI during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is December 16, 2024. There is no cost or obligation to you to participate in this case.<\/p>\n

\n WHY GROSS LAW FIRM? <\/strong>The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and\/or misleading statements or the omission of material information by a company lead to artificial inflation of the company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n

\n CONTACT:<\/strong>
\n
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email:\u00a0dg@securitiesclasslaw.com<\/a>
Phone: (646) 453-8903<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) — The Gross Law Firm issues the following notice to shareholders of Xiao-I Corporation (NASDAQ: AIXI). Shareholders who purchased shares of AIXI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/xiao-i-corporation-loss-submission-form\/?id=113433&from=3 CLASS PERIOD: March 9, 2023 to July 12, 2024 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (i) defendants had downplayed the true scope and severity of risks that Xiao-I faced due to certain of its Chinese shareholders\u2019 non-compliance with foreign investment enterprises established by way … <\/p>\n

Continue reading “Xiao-I Corporation Sued for Securities Law Violations – Contact The Gross Law Firm Before December 16, 2024 to Discuss Your Rights \u2013 AIXI”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-790900","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nXiao-I Corporation Sued for Securities Law Violations - Contact The Gross Law Firm Before December 16, 2024 to Discuss Your Rights \u2013 AIXI - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xiao-i-corporation-sued-for-securities-law-violations-contact-the-gross-law-firm-before-december-16-2024-to-discuss-your-rights-aixi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Xiao-I Corporation Sued for Securities Law Violations - Contact The Gross Law Firm Before December 16, 2024 to Discuss Your Rights \u2013 AIXI - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) — The Gross Law Firm issues the following notice to shareholders of Xiao-I Corporation (NASDAQ: AIXI). Shareholders who purchased shares of AIXI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/xiao-i-corporation-loss-submission-form\/?id=113433&from=3 CLASS PERIOD: March 9, 2023 to July 12, 2024 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (i) defendants had downplayed the true scope and severity of risks that Xiao-I faced due to certain of its Chinese shareholders\u2019 non-compliance with foreign investment enterprises established by way … Continue reading "Xiao-I Corporation Sued for Securities Law Violations – Contact The Gross Law Firm Before December 16, 2024 to Discuss Your Rights \u2013 AIXI"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/xiao-i-corporation-sued-for-securities-law-violations-contact-the-gross-law-firm-before-december-16-2024-to-discuss-your-rights-aixi\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-26T18:22:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTI5MDAzMCM2NjEwNjY1IzIyNTg5MTc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xiao-i-corporation-sued-for-securities-law-violations-contact-the-gross-law-firm-before-december-16-2024-to-discuss-your-rights-aixi\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xiao-i-corporation-sued-for-securities-law-violations-contact-the-gross-law-firm-before-december-16-2024-to-discuss-your-rights-aixi\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Xiao-I Corporation Sued for Securities Law Violations – Contact The Gross Law Firm Before December 16, 2024 to Discuss Your Rights \u2013 AIXI\",\"datePublished\":\"2024-11-26T18:22:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xiao-i-corporation-sued-for-securities-law-violations-contact-the-gross-law-firm-before-december-16-2024-to-discuss-your-rights-aixi\\\/\"},\"wordCount\":520,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xiao-i-corporation-sued-for-securities-law-violations-contact-the-gross-law-firm-before-december-16-2024-to-discuss-your-rights-aixi\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTI5MDAzMCM2NjEwNjY1IzIyNTg5MTc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xiao-i-corporation-sued-for-securities-law-violations-contact-the-gross-law-firm-before-december-16-2024-to-discuss-your-rights-aixi\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xiao-i-corporation-sued-for-securities-law-violations-contact-the-gross-law-firm-before-december-16-2024-to-discuss-your-rights-aixi\\\/\",\"name\":\"Xiao-I Corporation Sued for Securities Law Violations - 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