iLearningEngines Forms Committee to Address Short-Seller Claims

The latest announcement is out from iLearningEngines Holdings ( (AILE) ).

iLearningEngines, Inc. has established a Special Committee of independent directors to investigate claims made in a recent short-seller report. The board-mandated committee, which has retained legal counsel, aims to protect shareholder interests by conducting a thorough and prompt investigation into the allegations. Despite the controversy, CEO Harish Chidambaran stands by the company’s AI platform, products, and business plan, dismissing the report as misleading and looking forward to addressing the issues raised.

Find detailed analytics on AILE stock on TipRanks’ Stock Analysis page.