C3.ai(US:AI) Prnewswireยท2025-10-20 12:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of C3.ai, Inc. regarding a class action lawsuit due to allegations of misleading statements and concealment of material facts that negatively impacted the company's stock performance [1][2]. Summary by Relevant Sections Allegations - The complaint alleges that C3.ai's management provided overly positive statements while concealing significant issues, particularly the health of the CEO, which affected the company's ability to close deals [1]. - The company failed to execute its profit and growth potential due to these undisclosed challenges [1]. Financial Impact - 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 [1]. - The stock price dropped from $22.13 per share on August 8, 2025, to $16.47 per share on August 11, 2025, marking a decline of approximately 25.58% in just one day [1]. Class Action Details - Shareholders who purchased shares during the specified class period (February 26, 2025, to August 8, 2025) are encouraged to register for the class action [2]. - The deadline for seeking lead plaintiff status is October 21, 2025, and there is no cost to participate in the case [2].