C3.AI – Class Action Lawsuit – Glancy Prongay & Murray – Shareholders with $50,000 losses or more are encouraged to contact the firm
LOS ANGELES, CA (ClassActionDaily) Glancy Prongay & Murray LLP (“GPM”) announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against C3.ai, Inc. (“C3.ai” or the “Company”) (NYSE: AI).
- Class Period: December 9, 2020 – February 15, 2022
- Lead Plaintiff Deadline: May 3, 2022
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) C3.ai’s partnership with Baker Hughes was deteriorating; (2) C3.ai was employing a flawed accounting methodology to conceal the deterioration of its Baker Hughes partnership; (3) C3.ai faced challenges in product adoption and significant salesforce turnover; (4) the Company overstated, inter alia, the extent of its investment in technology, description of its customers, its total addressable market, the pace of its market growth, and the scale of alliances with its major business partners; and (5) as a result of the foregoing, Defendants’ public statements were materially false and misleading at all relevant times.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
If you wish to serve as lead plaintiff of the C3.ai lawsuit, you can submit your contact information at www.glancylaw.com/cases/c3ai-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at firstname.lastname@example.org to learn more about your rights.