C3.ai(US:AI) Prnewswireยท2025-09-09 22:29Core Viewpoint - A class action lawsuit has been filed against C3.ai, alleging that the company and its executives misled investors regarding its financial health and growth prospects, violating the Securities Exchange Act of 1934 [1][2]. Summary by Sections Lawsuit Details - The lawsuit, titled Liggett v. C3.ai, Inc., claims that C3.ai provided overly optimistic revenue projections while downplaying risks associated with CEO Thomas M. Siebel's health issues [2]. - The lawsuit seeks to represent investors who purchased C3.ai securities between February 26, 2025, and August 8, 2025, with a lead plaintiff deadline set for October 21, 2025 [4]. Financial Performance - C3.ai's stock price dropped by over 25% following the company's financial announcement on August 8, 2025, which revealed preliminary first-quarter results that fell short of expectations and a lowered revenue guidance for the fiscal year [3]. - The disappointing results were attributed to "reorganization with new leadership" and Siebel's health problems [3]. Investigation Focus - The investigation is centered on whether C3.ai's public statements were misleading, particularly regarding the impact of CEO Siebel's health on the company's ability to meet financial targets [5].