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Investors Allege Misleading Statements in C3.ai (AI) Class Action Lawsuit-- Hagens Berman AI Investors with Losses Encouraged to Contact the Firm
C3.aiC3.ai(US:AI) Globenewswire·2025-10-13 19:32

Core Viewpoint - A class action lawsuit has been filed against C3.ai and its executives, alleging misleading statements regarding the company's financial health and growth prospects, particularly related to CEO Thomas M. Siebel's health issues [1][2][3]. 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 Siebel's health [2]. - The class period for the lawsuit is from February 26, 2025, to August 8, 2025, with a lead plaintiff deadline set for October 21, 2025 [2][4]. Financial Impact - Following a disappointing financial announcement on August 8, 2025, where C3.ai reported preliminary first-quarter results that did not meet expectations and lowered its revenue guidance, the company's stock price dropped by over 25% [3]. Investigation Focus - The investigation is centered on whether C3.ai's public statements were misleading, particularly regarding the impact of Siebel's health on the company's ability to achieve financial targets [5].