Trending...
- Eddy Corp and SMAART POWER LLC Announce Strategic Teaming Agreement to Accelerate Microgrid and Distributed Energy Deployments - 342
- California: Governor Newsom signs most comprehensive data center laws in the nation, providing communities more control on water, electricity, and land use - 115
- Governor Gavin Newsom signs legislation to accelerate California's EV future, expand consumer choice, and strengthen energy independence - 107
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Innodata Inc. ("Innodata" or the "Company") (NASDAQ: INOD) on behalf of investors concerning the Company's possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to participate.
More on The Californer
On February 15, 2024, Wolfpack Research published a report alleging, among other things, that Innodata is "a deteriorating, manual data-entry business driven by offshore labor, not innovation." Wolfpack further alleged that "[s]igns that [Innodata] is not an AI company are everywhere" noting the Company's minimal spending on cloud services and R&D, as well as the fact that "96% of [its] workforce is overseas and its average employee generates less than $20k of revenue annually."
On this news, Innodata's stock price fell $3.74, or 30.5%, to close at $8.52 per share on February 15, 2024, thereby injuring investors.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Innodata securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
More on The Californer
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
If you are a shareholder who suffered a loss, click here to participate.
More on The Californer
- California: Governor Newsom signs legislation protecting the LGBTQ community, pushing back on attacks by the Trump administration
- 1017 Brick Squad Records Announces The Signing Of Uneekint And Gepetto Jackson
- Ship Overseas Inc Expands Superyacht and Boat Ocean Transport Services to Global Hubs
- Governor Newsom signs new bills to further prevent gun violence and strengthen California's gun safety leadership
- Sellvia Market Reports Growing Interest in Ready-to-Run Online Businesses Ahead of Q4
On February 15, 2024, Wolfpack Research published a report alleging, among other things, that Innodata is "a deteriorating, manual data-entry business driven by offshore labor, not innovation." Wolfpack further alleged that "[s]igns that [Innodata] is not an AI company are everywhere" noting the Company's minimal spending on cloud services and R&D, as well as the fact that "96% of [its] workforce is overseas and its average employee generates less than $20k of revenue annually."
On this news, Innodata's stock price fell $3.74, or 30.5%, to close at $8.52 per share on February 15, 2024, thereby injuring investors.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Innodata securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
More on The Californer
- Marketing-Focused Web Design & Development for Business Growth
- City of Long Beach Encourages Residents to Prepare for Winter Weather, El Niño and Hurricane Polo
- California: Governor Newsom proclaims Dolly Parton Day
- the Bad Society Model Music Leak Was Just The Beginning:
- World-Renowned Body Language Expert Mark Bowden Headlines INSPIRE Northwest 2026 in Wenatchee, WA
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
Filed Under: Business
0 Comments
Latest on The Californer
- California: Governor Newsom applauds federal film and TV tax credit bill, answering his call to keep production in America
- Noted Political Commentator a Major Influencer with multiple Millions of Viewers
- Marissa Goodbody's The Sloth, the Shrew, & the Cockatoo Takes Young Readers on a Rhyming Adventure
- NEW: Report shows major progress in California on preparing for wildfire, avoiding millions of tons of carbon pollution and toxic smoke
- Governor Newsom on the California Supreme Court ruling Sheriff Bianco illegally seized ballots
- Jacqui Condon Selected to Workers' Compensation Panels for Three Professional Athlete Associations
- Southland Symphony Season Opener - "An American Journey"
- Buddy Reed & The Rip It Ups Bring Authentic Blues To Bayside Grange Harvest Moon Dance
- Pervaziv AI Adds Collections, Chat Forks and Governed Workflows, Advancing Cortex from Chat to Verified Work
- New Metallized PE Film from Pregis Brings Recyclability to High-Barrier Food Packaging at Pack Expo International in Chicago
- Sonoma County's Largest Pop-up Used Book Sale Benefits Five Sonoma County Libraries
- Transformational $104 Million Musculoskeletal Healthcare Opportunity as Expansion Strategy Accelerates for Cardiff Lexington Corp (Stock Symbol: CDIX)
- PropAccount.com Launches Marketing Hub Within PropGenie, Giving Prop Firm Operators an Automated Marketing Team
- Save 15 Percent Off Florida Keys Accommodations with KeysCaribbean's Advance Purchase Rate Discount
- Woodside Rehab & Nursing Enters a New Era of Clinical Excellence and Growth
- Thar Process Partners with French Leader ExtrateX to Bring Prep to Process-Scale SFC to Europe
- Atticus Pharma Awarded $2 Million NIH Phase II SBIR Grant to Advance Cutaneous Lupus Drug Candidate
- Fall Jewellery Trends 2026: 3 Bracelets That Instantly Elevate Your Autumn Style
- iPOP! Alum Lucas Till Stars Alongside Zach Braff in Upcoming Film Clean Hands
- Lil Sicc Ent. Announces new chapter w/ Dectv.tv