Core Viewpoint - C3.ai, Inc. is facing a class action lawsuit due to allegations of misleading statements regarding 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 [3][4]. Summary by Relevant Sections Allegations - The complaint claims that C3.ai's management provided overly positive statements while concealing material adverse facts about the company's growth, particularly the CEO's health affecting deal closures and management's ineffectiveness in addressing these issues [3]. - 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 issues [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, 2025, marking a decline of approximately 25.58% in just one day [3]. Class Action Details - Shareholders who purchased shares during the class period from February 26, 2025, to August 8, 2025, are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for October 21, 2025 [4]. - Participants will be enrolled in a portfolio monitoring system to receive updates throughout the case lifecycle [4]. Law Firm Information - The Gross Law Firm, a nationally recognized class action law firm, aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [5].
C3.ai, Inc. Class Action: The Gross Law Firm Reminds C3.ai Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 21, 2025 – AI