NEW YORK, May 01, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of C3.ai, Inc. AI: (i) pursuant to and/or traceable to the Offer Documents issued in connection with the Company’s initial public offering completed on or about December 9, 2020 (the “IPO” or the “Offer”); and/or (ii) between December 9, 2020 and February 15, 2022 inclusive (the “Class Period”), the substantial Deadline of May 3, 2022 for the main applicant.
SO WHAT: If you purchased C3.ai Securities during the Class Period, you may be entitled to compensation without payment of out-of-pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the C3.ai class action, go to https://rosenlegal.com/submit-form/?case_id=3839 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than May 3, 2022. A lead plaintiff is a representative party acting on behalf of the other class members to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified lawyers with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the offering documents were negligently prepared and, as a result, contained misrepresentations of material facts or failed to state other facts necessary for the statements made not to be misleading and not been prepared in accordance with the rules and regulations governing their preparation. Additionally, throughout the Class Period, Defendants have made materially false and misleading statements regarding C3.ai’s business, operations and compliance policies. Specifically, the Offering Documents and the Defendants made false and/or misleading statements and/or failed to disclose that: (1) C3.ai’s partnership with Baker Hughes was deteriorating; (2) C3.ai used faulty accounting methodology to conceal the deterioration of its partnership with Baker Hughes; (3) C3.ai faced challenges in product adoption and significant sales force turnover; (4) C3.ai exaggerated, among others, the extent of its investments in technology, the description of its customers, its total addressable market, the rate of growth of its market and the extent of alliances with its principal commercial partners; and (5) as a result, the defendants’ public statements were materially false and misleading at all relevant times. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the C3.ai class action, go to https://rosenlegal.com/submit-form/?case_id=3839 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future upturn does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827