Pomerantz LLP Investigates Potential Securities Fraud Claims Against Gorilla Technology Group, Inc.
New York, April 14, 2025 – Pomerantz LLP, a leading securities law firm, is investigating potential securities fraud claims on behalf of investors of Gorilla Technology Group, Inc. (“Gorilla” or the “Company”) (NASDAQ: GRRR).
The investigation concerns allegations that Gorilla and certain of its officers and/or directors may have engaged in securities fraud or made false and/or misleading statements to the market. Gorilla is a provider of advanced artificial intelligence (“AI”) and machine learning solutions for various industries.
Background
In November 2023, Gorilla went public through a merger with a special purpose acquisition company (“SPAC”) at an initial public offering (“IPO”) price of $10 per share. Since then, the Company’s stock price has more than doubled, reaching an all-time high of $25.25 in February 2025.
Allegations of Securities Fraud
However, in recent weeks, several reports have emerged raising concerns about Gorilla’s business practices and financial reporting. Specifically, there have been allegations that:
- The Company inflated its revenues and earnings through aggressive accounting practices;
- Gorilla overstated the commercial viability of its AI products;
- The Company failed to disclose material information to investors;
- Certain executives sold large blocks of stock prior to the public disclosure of these issues.
If these allegations are proven true, they could potentially constitute securities fraud under various federal and state laws.
Effect on Individual Investors
Individual investors who purchased Gorilla’s stock prior to the public disclosure of these allegations may be able to recover their losses through a securities class action lawsuit. Such investors are advised to contact Danielle Peyton at Pomerantz LLP to discuss their legal rights and potential remedies.
Effect on the World
The potential securities fraud allegations against Gorilla could have broader implications for the AI industry as a whole. If the allegations are proven true, they could undermine investor confidence in AI companies and potentially slow down the pace of innovation in this field. Additionally, they could lead to increased regulatory scrutiny of AI companies and their business practices.
Conclusion
Pomerantz LLP is committed to protecting the rights of investors, and we are actively investigating potential securities fraud claims against Gorilla Technology Group, Inc. If you purchased Gorilla’s stock prior to the public disclosure of these allegations, we encourage you to contact us to discuss your potential legal remedies.
We will continue to closely monitor developments in this case and provide updates as more information becomes available. In the meantime, investors are urged to exercise caution when considering investments in AI or other technology companies.
Contact:
Danielle Peyton
Pomerantz LLP
646-581-9980, ext. 122
Souce:
Multiple online sources including Securities and Exchange Commission filings, news articles, and investor alerts.
