$INVSep 29, 2026, 6:06 AM ETAI processed
Innventure (INV) hit with securities class action over alleged fake DarkNX data center deal
AI Summary
A securities class action was filed against Innventure (NASDAQ: INV) and certain executives alleging they misrepresented the strength and viability of Accelsius' DarkNX data center deal; investors have until October 27, 2026 to seek lead-plaintiff status. Plaintiffs point to a Morpheus Research report and Innventure's later suspension of Accelsius' 2026 revenue/cash-flow targets (and removal of DarkNX from bookings) as the catalysts for an 8.4% drop on May 28, 2026 and a ~55% collapse on August 14, 2026; the case is pending in SDNY as Labed v. Innventure, No. 26-cv-07377.
Positives
- Lead plaintiff deadline set for October 27, 2026
- Class action filed in the U.S. District Court for the Southern District of New York (Labed v. Innventure, No. 26-cv-07377)
- Complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act
Negatives
- Allegation that Innventure misrepresented Accelsius' DarkNX agreement used to support revenue and cash-flow forecasts
- Innventure shares fell ~55% on August 14, 2026 after suspending Accelsius' 2026 targets and removing DarkNX from internal bookings
- A May 28, 2026 Morpheus Research report alleging the DarkNX project was fabricated preceded an earlier 8.4% stock drop