Core Viewpoint - A class action lawsuit has been filed against C3.ai, Inc. for alleged violations of securities laws, claiming the company made false and misleading statements regarding its revenue projections and the impact of its CEO's health on operations [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased C3's securities between February 26, 2025, and August 8, 2025, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against C3.ai - The complaint alleges that C3.ai made false and misleading statements that led investors to believe the company could reliably project its revenues and growth [4]. - The company downplayed the risks associated with the health concerns of CEO Thomas M. Siebel, which ultimately affected its optimistic projections for growth, earnings, and margins [4]. - When the truth about C3's operations and the impact of the CEO's health became known, investors suffered damages [4].
AI Investors Have Opportunity to Lead C3.ai, Inc. Securities Fraud Lawsuit with the Schall Law Firm