August 07, 2026
A New York federal judge Friday trimmed a proposed investor class action alleging China-based AI company Xiao-I Corp. and its top brass downplayed increasing costs related to its initial public offering, finding that the company's registration statement made disclosures that doom some of the suit's claims.
October 16, 2024
China-based artificial intelligence company Xiao-I Corp. was hit with a proposed investor class action in New York federal court alleging it downplayed increasing research and development costs that it was incurring, increasing the likelihood that it would fail to comply with the Nasdaq Stock Market's minimum price requirement after going public.