Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Xiao-I Corporation (AIXI)
Portfolio Pulse from
Glancy Prongay & Murray LLP has reminded investors of the December 16, 2024 deadline to file a lead plaintiff motion in the class action lawsuit against Xiao-I Corporation (NASDAQ: AIXI). The lawsuit concerns investors who purchased ADSs related to the company's March 2023 IPO or securities during the specified class period.
December 12, 2024 | 6:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Xiao-I Corporation faces a class action lawsuit with a deadline for lead plaintiff motions on December 16, 2024. This legal issue pertains to their March 2023 IPO and securities purchased during the class period.
The class action lawsuit against Xiao-I Corporation is significant as it involves their IPO and securities purchased over a substantial period. Legal issues of this nature can negatively impact investor sentiment and stock prices in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100