LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against C3.ai, Inc. (“C3” or “the Company”) (NYSE:AI) for violation of federal securities laws.
Investors who purchased shares of the Company as part of and/or traceable to the initial public offering of the Company carried out on December 9, 2020 (the “IPO”), or between December 9, 2020 and February 15, 2022 inclusive (the “Recourse Period”), are invited to contact the firm before May 3, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com or by email at [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. C3’s partnership with Baker Hughes was weakening day by day. The Company used an inappropriate accounting methodology to hedge this deteriorating relationship. The company has faced significant headwinds in product adoption and the turnover of its sales staff. The Company overestimated many factors of its business, including its total addressable market. Based on these facts, the Company’s public statements were false and materially misleading throughout the IPO period. When the market learned the truth about C3, investors suffered damage.
Join the case to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.