Lending Platform Says Judge Misapplied Scienter Factor, Should Fully Dismiss Suit

Mealey's ( November 10, 2023, 2:15 PM EST) -- CINCINNATI — A day after a lending platform filed a motion asking a federal judge in Ohio to reconsider a ruling that claims made by shareholders about the platform’s use of artificial intelligence to approve loans are actionable, several investment funds filed a motion to intervene in the suit, seeking to ensure that their claims are preserved....

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