Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Xiao-I Corporation (AIXI)
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Glancy Prongay & Murray LLP has announced a December 16, 2024 deadline for investors to file a lead plaintiff motion in a class action lawsuit against Xiao-I Corporation. The lawsuit involves investors who purchased Xiao-I's ADSs during its March 2023 IPO or securities between March 9, 2023, and July 12, 2024.
November 06, 2024 | 12:00 am
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Xiao-I Corporation is facing a class action lawsuit with a deadline for lead plaintiff motions set for December 16, 2024. This legal action pertains to investors who bought shares during the IPO or within the specified class period.
The class action lawsuit against Xiao-I Corporation could negatively impact investor sentiment and the stock price in the short term. Legal issues often lead to uncertainty and potential financial liabilities, which can drive stock prices down.
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