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LQDT Stock Hits 52-Week High at $25.86 Amid Strong GrowthFollowing a wild conference championship game weekend, Dan Wetzel, Ross Dellenger and SI's Pat Forde hop on to discuss the outcome of the final College Football Playoff rankings. They dive in on which teams have the best path to a national title and which teams should be the most upset. They focus on the biggest headline: Alabama being the last team out and SMU still making the bracket despite losing the ACC championship game. Wetzel pitches his solutions to how they could should the selection process. Additionally, they work through all four of the first-round matchups in the bracket and unpack what to expect from each game. (0:50) Did the process work? (16:47) Fixing the CFP (40:10) Texas vs Clemson (45:43) Ohio State vs Tennessee (48:34) Penn State vs SMU (54:51) Notre Dame vs Indiana (58:30) Bill Belichick to UNC? Follow Dan Follow Pat Follow Ross
OpenAI's legal battle with Elon Musk reveals internal turmoil over avoiding AI 'dictatorship'
A cafe in Melbourne known as Frank's where Holly Bowles worked has posted a heartfelt tribute to social media after the 19-year-old died from consuming methanol-laced drinks in Laos. Ms Bowles died in Bangkok Hospital on Friday, just a day after her best friend Bianca Jones, 19, who she was travelling with also died from methanol poisoning. The pair's deaths were confirmed by their families. The teens were consuming drinks at the Nana Backpackers hostel in Vang Vieng, about 130km from the Laos capital Vientiane when they fell victims to the suspected mass poisoning. Frank's, the Melbourne cafe where Ms Bowles is understood to have started work during her school years about 2.5 years ago, said the team had been sitting in a "soul - crushing limbo" since being made aware of the poisoning incident. "Our Holly....," the cafe began their post on Facebook. "Holly started at Frank’s working on weekends during her school years 2.5 years ago and upon completion of her year 12 this time last year, she started to work with us a lot more regularly. She was a staple of the Frank’s team for the first half of this year while she saved up for a trip of a life time with her best mate. "Holly was the best of us. She was sweet, incredibly kind, reliable, funny, diligent, hardworking and extremely capable. Believe me when I say that I couldn’t fault her." The Frank's team posted pictures of Ms Bowles in which she can be seen smiling and posing for selfies alongside her co-workers and noting down food orders from customers. Several people gathered in the comments section of Frank's post to also remember Ms Bowles and Ms Jones for the "two beautiful young happy girls" they were. "Holly had served me and my family many times as a customer. So lovely and nice. Nothing was ever too much trouble for her to do. She always made me and my daughter and son feel so welcome there. Just can’t believe the news," a Frank's customer commented on the post. "This has hit me really hard. Two beautiful happy young girls just starting their lives taken away so cruelly and unnecessarily. I’m pretty sure Holly served us a couple of times and I remember her sweet nature," another said. "As a patron of Franks she always had a smile and made you feel very welcome. As a mum to another young member of your crew I can’t imagine how her family must feel," a third person wrote. Frank's extended their hospitality to both the Bowles and Jones families, writing: "If there’s anything that we can do to help at this time, or any time in the future, you’re all now family to us so just say the word and we’ll make it happen, whatever it is." "I want you to know that we loved and adored your Holly with all our hearts and we’ll miss her so, so much," the post read. "Finally, to Holly. I’m just so thankful you walked through our door with a resume, kid. I’ll never forget you mate." Frank's is understood to have closed the cafe for Saturday, November 23, a day after Ms Bowles' passing. Ms Bowles is the sixth person to die as a result of the mass poisoning incident. The owner and manager of the Laos hostel where the young girls had been drinking has been detained by local police for questioning. Local law enforcement told the Associated Press that a “number of people” had been detained, but no charges had yet been laid.
OpenAI's legal battle with Elon Musk reveals internal turmoil over avoiding AI 'dictatorship'A Los Gatos partner for consulting and accounting giant PwC was drunk and speeding on Highway 85 at 130 mph just before his Tesla slammed into the back of a young San Jose man’s car, permanently injuring the 22-year-old chef, a new court filing in a lawsuit over the crash alleged. Crash victim John Cooper sued PwC partner Ousmane Caba and the company in March, claiming Caba was so drunk he was “barely conscious” when he left San Francisco in June 2023 after a day and night of drinking at events sponsored by PwC. Caba could not be reached for comment. Messages left for his lawyer were not returned. PwC, accused in the lawsuit of negligence, did not respond to a request for comment. The company in a court filing last month said evidence produced in the case does not show that PwC paid for “drink after drink” for Caba. “Instead, it shows that PwC invited employees to two meal events the day before the incident which were catered by others and which included food and beverage selections available to all attendees,” the filing said. “There is nothing vile or despicable associated with offering alcoholic beverages at gatherings in any context, whether business or social.” An amended version of the lawsuit in Santa Clara County Superior Court included claims based on data recorded by Caba’s Tesla Model S. And it added new allegations that Caba dangerously mixed a prescription diabetes drug with alcohol, and included purported new details about the celebratory events that led up to the 1 a.m. high-speed rear-ender. Caba, and other PwC partners, were participating in the company’s “Promotion Day,” an annual event that honors advancement in the company, the lawsuit said. “Promotion Day is known by PwC management and employees to be a day of heavy drinking, all day, at multiple locations,” the lawsuit claimed. The celebrations kicked off with a company-funded gathering at The GlassHouse party venue in downtown San Jose at 9 a.m., the lawsuit said. “The alcohol-fueled festivities at The GlassHouse commenced with ‘shot-o’clock’ wherein the partners would take shots of hard alcohol to start their day,” the lawsuit alleged. Caba and others then headed to Kohl Mansion in Burlingame, another event venue, where Caba availed himself of alcohol provided by PwC, the lawsuit claimed. By 4:30 p.m., the PwC participants had reached San Francisco, and got together just off Market Street at Hotel Zelos, where Caba continued to drink on his company’s dime, the lawsuit alleged. A PwC-funded dinner, and more drinking by Caba, took place at STK Steakhouse in San Francisco, near the Ferry Building, before the party moved on to the Hawthorn SF nightclub near Union Square, the lawsuit claimed. “Numerous bottles of hard alcohol, shots, cocktails, and bottles of champagne were made available to all attendees,” the lawsuit alleged. By the end of Promotion Day, Caba, by his own admission, had consumed at least 11 drinks, “including multiple shots of vodka, multiple cocktails, multiple glasses of wine, and multiple glasses of champagne,” the lawsuit claimed. Related Articles Crashes and Disasters | Silicon Valley tech boom lifts California’s dreary budget view Crashes and Disasters | Tesla Cybertruck hit with sixth recall since November release Crashes and Disasters | Elon Musk bet big on Donald Trump. Here’s what he stands to gain – and lose – from his win Crashes and Disasters | Biden calls out Elon Musk over report that he worked in the US illegally Crashes and Disasters | Trump can tap the brakes on the EV revolution, but not stop it Caba, according to the lawsuit, had taken his diabetes drug Metformin that morning, and drank despite having been warned by the prescribing doctor of the dangers of mixing the medication with alcohol, and signing an agreement at the pharmacy that acknowledged he knew of that risk, the lawsuit alleged. On his way home, Caba was driving erratically, swerving between lanes, the lawsuit claimed. The Tesla’s recorded data showed it hitting 129.59 mph on Highway 85. Meanwhile, Cooper was driving home from his job in a Menlo Park restaurant. Caba came up on Cooper’s car as if it were “standing still,” the lawsuit alleged. “Caba’s Tesla alerted him to Mr. Cooper’s vehicle, but due to his level of intoxication and excessive speed ... Caba ignored the warning signs and plowed right into the rear of Mr. Cooper’s vehicle without applying the brakes,” the lawsuit claimed. Caba, in connection with the crash, pleaded no contest in January to driving while over the legal alcohol limit, the Santa Clara County District Attorney’s office said. In an August court filing, his lawyer wrote that he “operated a vehicle, allegedly with an excessive (blood-alcohol content), and fell asleep.” Cooper, who is seeking unspecified damages in the case, suffered severe back injuries that make his job very painful, said his lawyer Christopher Hendricks. “He is told that he will need lumbar spine surgery in the future,” Hendricks said.
Phreesia Announces Third Quarter Fiscal 2025 ResultsNEW YORK (AP) — Technology stocks pulled Wall Street to another record amid mixed trading. The S&P 500 rose 0.2% Monday after closing November at an all-time high. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite gained 1%. Super Micro Computer, a stock that’s been on an AI-driven roller coaster, soared after saying an investigation found no evidence of misconduct by its management or the company’s board. Retailers were mixed coming off Black Friday and heading into what’s expected to be the best Cyber Monday on record. Treasury yields held relatively steady in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — Technology stocks are pulling Wall Street toward another record amid mixed trading on Monday. The S&P 500 rose 0.2% in afternoon trading after closing its best month of the year at an all-time high . The Dow Jones Industrial Average was down 86 points, or 0.2%, with a little more than an hour remaining in trading, while the Nasdaq composite was 0.9% higher. Super Micro Computer, a stock that’s been on an AI-driven roller coaster, soared 31.1% to lead the market. Following accusations of misconduct and the resignation of its public auditor , the maker of servers used in artificial-intelligence technology said an investigation found no evidence of misconduct by its management or by the company's board. It also said it doesn’t expect to restate its past financials and that it will find a new chief financial officer, appoint a general counsel and make other moves to strengthen its governance. Big Tech stocks also helped prop up the market. Gains of 1.8% for Microsoft and 2.9% for Meta Platforms were the two strongest forces pushing upward on the S&P 500. Intel was another propellant during the morning, but it lost an early gain to fall 1.1% after the chip company said CEO Pat Gelsinger has retired and stepped down from the board. Intel is looking for Gelsinger’s replacement, and its chair said it’s “committed to restoring investor confidence.” Intel recently lost its spot in the Dow Jones Industrial Average to Nvidia, which has skyrocketed in Wall Street's frenzy around AI. Stellantis, meanwhile, skidded following the announcement of its CEO’s departure . Carlos Tavares steps down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing struggle with slumping sales and an inventory backlog at dealerships. The world’s fourth-largest automaker’s stock fell 6.3% in Milan. The majority of stocks in the S&P 500 likewise fell, including California utility PG&E. It dropped 3.7% after saying it would sell $2.4 billion of stock and preferred shares to raise cash. Retailers were mixed amid what’s expected to be the best Cyber Monday on record and coming off Black Friday . Target, which recently gave a forecast for the holiday season that left investors discouraged , fell 1.6%. Walmart , which gave a more optimistic forecast, rose 0.3%. Amazon, which looks to benefit from online sales from Cyber Monday, climbed 1.3%. The stock market largely took Donald Trump’s latest threat on tariffs in stride. The president-elect on Saturday threatened 100% tariffs against a group of developing economies if they act to undermine the U.S. dollar. Trump said he wants the group, headlined by Brazil, Russia, India and China, to promise it won’t create a new currency or otherwise try to undercut the U.S. dollar. The dollar has long been the currency of choice for global trade. Speculation has also been around a long time that other currencies could knock it off its mantle, but no contender has come close. The U.S. dollar’s value rose Monday against several other currencies, but one of its strongest moves likely had less to do with the tariff threats. The euro fell amid a political battle in Paris over the French government’s budget . The euro sank 0.7% against the U.S. dollar and broke below $1.05. In the bond market, Treasury yields gave up early gains to hold relatively steady. The yield on the 10-year Treasury climbed above 4.23% during the morning before falling back to 4.19%. That was just above its level of 4.18% late Friday. A report in the morning showed the U.S. manufacturing sector contracted again last month, but not by as much as economists expected. This upcoming week will bring several big updates on the job market, including the October job openings report, weekly unemployment benefits data and the all-important November jobs report. They could steer the next moves for Federal Reserve, which recently began pulling interest rates lower to give support to the economy. Economists expect Friday's headliner report to show U.S. employers accelerated their hiring in November, coming off October's lackluster growth that was hampered by damaging hurricanes and strikes. “We now find ourselves in the middle of this Goldilocks zone, where economic health supports earnings growth while remaining weak enough to justify potential Fed rate cuts,” according to Mark Hackett, chief of investment research at Nationwide. In financial markets abroad, Chinese stocks led gains worldwide as monthly surveys showed improving conditions for manufacturing, partly driven by a surge in orders ahead of Trump’s inauguration next month. Both official and private sector surveys of factory managers showed strong new orders and export orders, possibly partly linked to efforts by importers in the U.S. to beat potential tariff hikes by Trump once he takes office. Indexes rose 0.7% in Hong Kong and 1.1% in Shanghai. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
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Published 18:26 IST, November 30th 2024 The Ministry of Defence has signed a ₹1207.5 crore contract with Cochin Shipyard Limited (CSL) for the Short Refit and Dry Docking (SRDD) of INS Vikramaditya. Kochi, India - The Ministry of Defence on November 30, 2024, inked a significant contract with Cochin Shipyard Limited (CSL) for the Short Refit and Dry Docking (SRDD) of the Indian Navy’s flagship aircraft carrier, INS Vikramaditya. The ₹1207.5 crore project is set to bolster India’s naval capabilities, enhance the carrier’s combat readiness, and provide a substantial boost to the Atmanirbhar Bharat and Make in India initiatives. Commissioned into the Indian Navy in November 2013, INS Vikramaditya is a crucial component of India’s maritime strength. The aircraft carrier will undergo essential maintenance and upgrades at Cochin Shipyard Limited, with the refit expected to significantly enhance its operational capabilities. Once completed, the carrier will rejoin the active fleet of the Indian Navy, better equipped to perform its strategic and tactical roles. Key Features and Historical Background of INS Vikramaditya Originally built as Baku in 1987 for the Soviet Navy, the vessel was later renamed Admiral Gorshkov and served the Russian Navy until its decommissioning in 1996. After extensive negotiations, India acquired the ship in 2004 and retrofitted it into a modern aircraft carrier, commissioning it as INS Vikramaditya in 2013. The carrier spans 284 meters in length, with a draught of 10 meters. It boasts the capacity to carry and operate MiG-29K fighter jets and various helicopters and is armed with advanced weapons systems, including anti-ship missiles, guided bombs, rockets, and air-to-air missiles. This refit project underscores Cochin Shipyard Limited’s emerging role as a Maintenance, Repair & Overhaul (MRO) hub, a critical component in developing India’s defence industrial ecosystem. The project will engage around 50 Micro, Small, and Medium Enterprises (MSMEs), generating employment for over 3,500 skilled personnel. It positions CSL as a leader in supporting naval modernization and self-reliance in defence technology. Boost to Make in India and Atmanirbhar Bharat The SRDD project aligns with the Government of India’s vision to strengthen domestic manufacturing capabilities in defence. By involving Indian industries and MSMEs, it reinforces the principles of self-reliance and innovation, key tenets of the Atmanirbhar Bharat mission. As the flagship of the Indian Navy, INS Vikramaditya symbolizes India’s maritime prowess. This refit not only upgrades its combat potential but also marks a milestone in India's journey toward defence self-sufficiency. With Cochin Shipyard Limited at the helm, the project is expected to elevate the nation’s capability to maintain and modernize its fleet while creating significant economic and strategic opportunities. Updated 18:26 IST, November 30th 2024Recession fears have eased, boosting investor confidence in the stock market. Albert Edwards warns a market pullback could come without a recession, however. Rising Treasury yields and drying liquidity could hurt stocks with valuations high. Recession fears have largely dissipated since this summer, bolstering investor confidence in a roaring stock market. But Albert Edwards wants investors to remember that equities at historically expensive levels don't need an economic downturn to suffer a pullback. The bearish Societe Generale strategist known for calling the dot-com bubble said in a November 21 client note that the relentless market rally could be due for a reversal — no recession necessary. His argument starts with the fact that valuations are high. There are many ways to measure how pricey a market is, and Edwards shared a few novel examples. For one, US stocks are now three-quarters of the MSCI world index. Then there's the S&P 500's 12-month forward PE relative to its 12-month trailing PE — basically an indicator of how much forward optimism may be getting ahead of itself. It's shown below on the left. The chart on the right side above shows the widely followed Shiller CAPE ratio. By itself, it shows the market is as costly as it was around the top of prior bubbles. But it's also very expensive relative to European stocks, which have historically traded at similar valuation levels to US stocks. The second part of Edwards' argument is that liquidity is drying up in the sense that the Fed is shrinking its balance sheet, which can be bad news when valuations are high. Here's the CrossBorder Capital's Global Liquidity Index, shown in black, which has dipped on a six-week basis. It implies bitcoin, a speculative asset, should be due for a drop in price versus six weeks ago. Rising 10-year Treasury yields could also cause liquidity to dry up, as investors who hold the asset will have taken a loss by selling it. Higher yields also attract capital away from stocks, as Treasurys are risk-free. Edwards said rising yields will eventually put a damper on the stock market, especially with valuations continuing to climb. "To be fair, full blown equity bear markets (-20% or worse) really only ever occur in recessions when both profits and valuations plunge. Alternatively, sharply rising bond yields can cause problems to equities in a high PE environment – such as now," Edwards said. "This is a case of an elastic band stretching to breaking point – the 1987 equity crash would be a good example." He listed a couple more examples: "Just look at the equity euphoria back in 2018, which initially shrugged off rising bond yields – until they didn't. The same happened in 2022. At some point rising bond yields will just as surely begin to hurt equities." Edwards has a fairly poor track record recently, having had a downbeat view on stocks and the economy while the market has soared and the economy has held up. He himself admits this in the November 21 note. So perhaps take his views with a grain of salt. Still, he did foresee the 2000-2002 bear market, and provides, at the very least, logical arguments that are food for thought, as rallies and expansions don't last forever. As Bloomberg Opinion Columnist and former strategist Marcus Ashworth put it last year: "The SocGen strategist's doomster scribblings are a must-read for fund managers — even if he's often wrong."
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In response to an ultimatum from the Pinellas County (Fla.) Commission last week, Tampa Bay Rays ownership said in a letter Monday that its deal to build a new $1.3 billion ballpark is still "in effect." The letter was the latest salvo in a verbal back-and-forth between the MLB franchise and the county. Rays presidents Brian Auld and Matt Silverman wrote to the County Commission on Nov. 19 and suggested the team would not agree to a deal for a new stadium. The Rays claimed they had spent more than $50 million toward building that new stadium, but the county had allegedly "suspended work on the entire project," making its targeted 2028 opening unfeasible. Last Monday, Pinellas County Court Commission Chairperson Kathleen Peters replied in a letter to Auld and Silverman requesting they declare by Dec. 1 whether they are in or out. "In response to your question regarding the status of the various agreements, they are in effect until a party terminates or outside dates are reached," Silverman responded Monday, with Dec. 1 now past. "The Rays have fulfilled its obligations to date and continue to wait for decisions and actions by the City of St. Petersburg and Pinellas County." "We would not have gone forward with the project if a future Pinellas County Commission had the ability to revoke the approval we all celebrated in July or to unilaterally delay the project's completion into 2029." Silverman also fired back at Peters for bringing up a conversation Auld had with Pinellas County Commissioner Brian Scott last month, prompting the county to allege that Auld was not committed to following through on the project. "The conversation primarily concerned the near-term challenges to our business given the damage to Tropicana Field as well as the dynamics related to the location of our home games in 2025," Silverman wrote Monday. "Brian Auld did not waver from our commitment to the new ballpark project." It is unclear how the county will proceed. The Pinellas County Commission already voted 6-1 last month to put off its final decision on whether to approve bonds until Dec. 17. Regardless of what happens in the Rays' long-term planning, the club will not play its 2025 home games in St. Petersburg after Tropicana Field was heavily damaged by Hurricane Milton in early October. The team will instead welcome opponents to Tampa's George M. Steinbrenner Field, the spring training home of the New York Yankees. --Field Level Media
A bid by The Onion satirical news outlet to buy Alex Jones' conspiracy theory platform Infowars returned Monday to a Texas courtroom, where a judge heard arguments on whether a bankruptcy auction was properly run as Jones alleges collusion and fraud. U.S. Bankruptcy Judge Christopher Lopez in Houston is looking into the November auction and how a trustee chose The Onion over the only other bidder — a company affiliated with Jones that offered twice as much money as The Onion. The judge said the hearing would last into Monday evening and pick up again on Tuesday afternoon. The sale of Infowars is part of Jones' personal bankruptcy case , which he filed in late 2022 after he was ordered to pay nearly $1.5 billion in defamation lawsuits in Connecticut and Texas filed by relatives of victims of the Sandy Hook Elementary School shooting in Connecticut. Jones repeatedly called the 2012 shooting that killed 20 children and six educators a hoax staged by actors and aimed at increasing gun control. Most of the proceeds from the sale of Infowars, as well as many of Jones' personal assets, will go to the Sandy Hook families to help satisfy judgments issued by juries and judges in state courts in Connecticut and Texas. Some proceeds will go to Jones' other creditors. The Onion, which wants to turn Infowars' website and social media accounts into parodies , offered $1.75 million for Infowars' assets in the auction, while First United American Companies — which runs a website in Jones’ name that sells nutritional supplements — bid $3.5 million. The Onion's bid also included a pledge by many of the Sandy Hook families to forgo some or all of the auction proceeds due to them to give other creditors a total of $100,000 more than they would receive under other bids. The trustee, Christopher Murray, chose The Onion, saying its proposal was better for creditors because they would receive more money. Joshua Wolfshohl, an attorney for Murray, told the judge Monday that no wrongdoing occurred during the auction. He called the complaints by Jones and First United American Companies unfounded. “The vast majority of their complaints are just fantastic, imagined conspiracy theories that have no basis in reality," he said. Jones' lawyer, Ben Broocks, questioned Murray's rationale for choosing The Onion and alleged that a recent deposition of the trustee showed improprieties. He also questioned the validity of The Onion's bid, saying it was technically valued at $7 million because of the incentive offered by the Sandy Hook families. An auction company executive involved in the sale testified most of the afternoon. In court filings, Jones and First United American Companies accused Murray, The Onion and the Sandy Hook families of illegally colluding on the bidding, committing fraud and violating the judge's rules for the auction. Murray, The Onion and the families deny the allegations. In his own court filing, Murray called the allegations “a disappointed bidder’s improper attempt to influence an otherwise fair and open auction process.” Up for sale at the auction were all the equipment and other assets in the Infowars studio in Austin, Texas, as well as its social media accounts, websites, video archive and product trademarks. Jones uses the studio to broadcast his far-right, conspiracy theory-filled shows on the Infowars website, his account on the social platform X and radio stations. Jones has set up another studio, websites and social media accounts in case The Onion wins approval to buy Infowars and kicks him out. Jones has said he could continue using the Infowars platforms if the auction winner is friendly to him. Jones is appealing the $1.5 billion in judgments citing free speech rights but has acknowledged that the school shooting happened . On Friday, a Connecticut appeals court reduced by $150 million the original $1.44 billion judgment against Jones in the lawsuit against him in that state, but upheld the rest of the award. Jones' lawyer said he will ask Connecticut's highest court to review the appellate ruling. Jones is also appealing a $50 million judgment in a similar Texas defamation lawsuit.Mitsotakis in London: Greece aspires to become a global hub for AI
Right on time: Riyadh Metro engineers new era of urban mobility
In rare move, House of Commons Speaker pauses lengthy Parliament standoff2025 Hyundai Santa Cruz XRT Named Compact Truck of Texas at Texas Auto Writers Association's Truck RodeoNEW YORK , Nov. 30, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of iLearningEngines, Inc. (NASDAQ: AILE) between April 22, 2024 and August 28, 2024 , both dates inclusive (the "Class Period"), of t the important December 6, 2024 lead plaintiff deadline. So what: If you purchased iLearningEngines securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the iLearningEngines class action, go to https://rosenlegal.com/submit-form/?case_id=28305 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 6, 2024 . A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Details of the case: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) iLearningEngines' "Technology Partner" was an undisclosed related party; (2) iLearningEngines used its undisclosed related party Technology Partner to report "largely fake" revenue and expenses; (3) as a result of the foregoing, iLearningEngines significantly overstated its revenue; and (4) as a result of the foregoing, defendants' positive statements about iLearningEngines' business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the iLearningEngines class action, go to https://rosenlegal.com/submit-form/?case_id=28305 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/aile-deadline-aile-investors-have-opportunity-to-lead-ilearningengines-inc-securities-fraud-lawsuit-302318967.html SOURCE THE ROSEN LAW FIRM, P. A.