C3.ai(US:AI) Prnewswire·2025-10-17 13:17Core 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, particularly in relation to CEO Thomas M. Siebel's health issues [1][2][3]. Summary by Relevant 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 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 C3.ai's financial announcement on August 8, 2025, which revealed preliminary first-quarter results that did not meet expectations and a lowered revenue guidance for the fiscal year, 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 CEO Siebel's health on the company's ability to achieve financial targets [5].