Investment firm investigates iLearningEngines over alleged false revenue following Hindenburg Research report.

Investment firm Bronstein, Gewirtz & Grossman, LLC is investigating iLearningEngines, Inc. (NASDAQ: AILE) after Hindenburg Research raised serious concerns about the company's accounting and governance, alleging that most of its revenue is fictitious. Following this report, iLearningEngines' stock plummeted nearly 60% on August 29, 2024. Affected investors are urged to visit the firm’s website for details on the investigation.