Judge: Investor’s Claim Medical Company Lied About AI To Raise Stock Price Fails

(August 5, 2024, 11:33 AM EDT) -- HARTFORD, Conn. — An investor who brought a putative class complaint against a medical company, claiming it misled investors both about its artificial intelligence data platform and its own financial results, failed to illustrate in his amended complaint how some of the alleged misstatements were false and also failed to show that any of them were knowingly made, a Connecticut federal judge held, dismissing the complaint without prejudice....