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Federal Securities Class Action Lawsuit Filed Against Xiao-I Corporation
New York, Nov. 01, 2024 (GLOBE NEWSWIRE) – Wolf Haldenstein Adler Freeman & Herz LLP (“Wolf Haldenstein”) has announced that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors who acquired Xiao-I Corporation (“Xiao-I” or the “Company”) American depository shares (“ADSs”) during the Class Period.
The suit pertains to Xiao-I’s initial public offering conducted on or about March 9, 2023, and securities acquired between March 9, 2023, and July 12, 2024. All investors who suffered losses are encouraged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774.
Wolf Haldenstein is dedicated to upholding the rights of investors and seeking justice on their behalf. The firm’s experienced attorneys have a proven track record of success in securities litigation, and they are committed to holding corporations accountable for any misconduct.
How This Lawsuit Will Affect You
If you are an investor who acquired Xiao-I Corporation ADSs during the specified time frame and suffered financial losses as a result, you may be eligible to participate in the class action lawsuit. By joining the case, you can seek to recover damages for the losses you incurred due to alleged securities fraud committed by Xiao-I Corporation.
How This Lawsuit Will Affect the World
Securities class action lawsuits play a crucial role in maintaining transparency and accountability in the financial markets. By holding companies accountable for their actions and seeking compensation for affected investors, these lawsuits help ensure that corporate misconduct is deterred and that investors are protected from fraudulent practices.
Conclusion
Wolf Haldenstein’s announcement of a federal securities class action lawsuit against Xiao-I Corporation highlights the firm’s commitment to seeking justice for investors who have suffered losses due to alleged securities fraud. If you are an investor who acquired Xiao-I Corporation ADSs during the specified time frame, it is essential to contact the firm promptly to explore your legal options and potentially recover damages. By taking action, you can help hold corporations accountable and contribute to a more transparent and fair financial market.
