C3.ai(US:AI) Prnewswireยท2025-08-25 21:34Core Viewpoint - A class action lawsuit has been filed against C3.ai, Inc. by Berger Montague on behalf of investors who acquired shares during the specified class period, alleging misleading statements regarding the company's growth and CEO's health [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased C3.ai shares from February 26, 2025, to August 8, 2025 [1][2]. - Investors have until October 21, 2025, to seek appointment as lead plaintiff [2]. Group 2: Allegations Against C3.ai - The complaint claims that C3.ai and its executives made materially false statements and failed to disclose adverse information about the company's growth prospects and the CEO's health [3]. - On August 8, 2025, C3.ai announced disappointing preliminary financial results for Q1 of fiscal 2026 and reduced its full-year revenue guidance, attributing this to leadership reorganization and the CEO's health [3]. Group 3: Stock Price Impact - Following the announcement on August 8, 2025, C3.ai's stock price fell from $22.13 per share to $16.47 per share by August 11, representing a decline of over 25% [3].