The complaint filed by Robbins LLP alleges that Innventure fabricated a partnership with DarkNX, a purported digital infrastructure firm, to build a 300MW AI data center in Ontario, Canada. While Innventure touted the deal as a milestone for its Accelsius subsidiary, the lawsuit claims no evidence existed to support the project’s construction. Investors were left exposed when allegations surfaced that the venture was non-existent and revenue projections were based on fiction.
In section Releases
Innventure Faces Class Action Over Alleged Fabricated AI Data Center Deal
Investors who purchased Innventure, Inc. securities between November 17, 2025, and August 13, 2026, face an October 27 deadline to seek lead plaintiff status in a class action lawsuit. The litigation centers on claims that the company misled shareholders regarding a major contract for its NeuCool liquid cooling technology.
Market skepticism intensified on May 28, 2026, when a Morpheus Research report labeled the DarkNX project a fabrication, citing former employees who claimed they had never heard of the partner entity. Innventure’s stock dropped 8.42% following the release. The situation worsened on August 13, 2026, when the company reported a $34.9 million quarterly loss and admitted that the DarkNX project site was no longer available. Shares plummeted 55% the following day, closing at $1.62. Shareholders seeking to participate in the litigation may contact Robbins LLP to address potential recovery for losses incurred during the class period.
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