Investors in Innventure, Inc. (INV) can seek lead-plaintiff status in a federal securities suit over its Accelsius business, with two law-firm notices giving different October dates for the proposed class.
The case, Labed v. Innventure, Inc. et al., was filed Aug. 28 in the U.S. District Court for the Southern District of New York. Plaintiff Raled Labed brought it for people and entities who purchased or otherwise acquired Innventure securities from Nov. 17, 2025, through Aug. 13, 2026, inclusive. The complaint names Innventure, former Chief Executive Officer Gregory William Haskell and Chief Financial Officer David Yablunosky.
The complaint alleges that statements about Accelsius’ proposed project with DarkNX and Accelsius’ 2026 revenue and cash-flow targets misled investors. It says the project was unlikely to proceed because there was no evidence DarkNX was building or enabling a large-scale AI data center, and alleges the targets were overstated. The claims have not been adjudicated.
Accelsius, an Innventure-founded data-center cooling technology business, announced in November 2025 that DarkNX had agreed to deploy its NeuCool technology at a planned 300-megawatt AI data center campus in Ontario. The announcement described an initial phase of two 65-megawatt facilities. Innventure’s Form 10-Q for the quarter ended June 30, filed Aug. 13, described a purchase order for six 10-megawatt deployments. It said the site identified in the purchase order was unavailable; Accelsius stopped counting the project in its internal bookings while looking for another site and addressing remaining conditions. The announcement and later filing do not explain how the project scopes relate.
On Aug. 13, Innventure withdrew its prior 2026 revenue and cash-flow outlook for Accelsius. The company cited changing conditions for smaller early adopters of AI infrastructure, including power availability, access to GPUs and deployment timing. In an SEC filing, Innventure said it would defend the case and could not predict the outcome or estimate a range of reasonably possible losses, if any.
The Cruz notice says investors can remain in the proposed class without seeking lead-plaintiff appointment. It gives Oct. 27 as the date to seek that role; a Kessler Topaz case page lists Oct. 30. A Sept. 2 court order addresses Labed’s notice to the court and does not resolve which investor date applies.
