C3.ai(US:AI) Prnewswireยท2025-09-25 12:45Core Viewpoint - C3.ai, Inc. is facing a class action lawsuit due to allegations of providing misleading statements about its growth and the impact of its CEO's health on the company's performance, leading to a significant drop in stock price following disappointing financial results [1]. Group 1: Allegations and Impact - The lawsuit claims that C3.ai's management made overly positive statements while concealing material adverse facts about the company's growth potential and the CEO's health issues [1]. - On August 8, 2025, C3.ai announced disappointing preliminary financial results for Q1 of fiscal 2026 and reduced its revenue guidance for the full fiscal year 2026, attributing the poor performance to "the reorganization with new leadership" and the CEO's health [1]. - Following the announcement, C3.ai's stock price plummeted from $22.13 per share to $16.47 per share, marking a decline of approximately 25.58% in just one day [1]. Group 2: Class Action Details - Shareholders who purchased shares of C3.ai during the class period from February 26, 2025, to August 8, 2025, are encouraged to register for the class action lawsuit [2]. - The deadline for shareholders to seek lead plaintiff status is October 21, 2025, and there is no cost or obligation to participate in the case [2].