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Class action filed against Innventure over alleged fake AI data center project, causing major stock drop.

Market News
02 Sep 2026
PRNewsWire
View Source
Bearish
pluang ai news

Investors filed a class action lawsuit against Innventure, Inc. alleging the company fabricated a major AI data center project with DarkNX in Ontario, which was central to its revenue projections. The lawsuit claims Innventure misled investors by overstating Accelsius' 2026 revenue and cash flow targets based on this non-existent project. After a critical report exposed the alleged fraud, Innventure's stock plummeted sharply twice, including a 55% drop following a disappointing earnings report and project cancellation. Investors who bought Innventure shares between November 17, 2025, and August 13, 2026, may join the lawsuit before the October 27, 2026 deadline.

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