Deadline Reminder for Class Action Investors by Law Firm Frank R. Cruz

Investors in Xiao-I Corporation (AIXI) need to be aware of an upcoming deadline in the class action lawsuit against the company. The lawsuit alleges that Xiao-I made false and/or misleading statements regarding its business, operations, and prospects. The deadline for investors to seek to be a lead plaintiff is approaching, so it’s important for investors to act quickly if they believe they have been harmed by Xiao-I’s alleged misconduct.

According to the lawsuit, Xiao-I failed to disclose important information to investors, including its true financial condition and the potential impact of regulatory investigations and lawsuits on its business. As a result, the company’s stock price was artificially inflated, causing investors to suffer losses when the truth was revealed.

If you purchased Xiao-I securities between April 25, 2018, and April 28, 2021, you may be eligible to participate in the lawsuit as a lead plaintiff. To be considered for this role, you must submit your information before the upcoming deadline.

It’s important for investors to understand their rights and options in cases like this. By participating in the lawsuit, investors may be able to recover some of their losses if the allegations against Xiao-I are proven true. Seeking lead plaintiff status can also help investors actively participate in the legal process and potentially influence the outcome of the case.

If you believe you have been affected by Xiao-I’s alleged misconduct and are interested in participating in the class action lawsuit, it’s crucial to act promptly to protect your rights. By staying informed and taking appropriate action, investors can seek justice and hold companies accountable for any wrongdoing.