AI Signal: Sign In to See
Shareholder Action Reminder: The Schall Law Firm Encourages Investors in C3.ai, Inc. with Losses of $500,000 to Contact the FirmApr 4th, 2022 14:00 EST
Shareholder Action Reminder: The Schall Law Firm Encourages Investors in C3.ai, Inc. with Losses of $500,000 to Contact the Firm
Los Angeles, California–(Newsfile Corp. – April 4, 2022) – 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 violations of the federal securities laws.
Investors who purchased the Company’s shares pursuant and/or traceable to the Company’s initial public offering conducted on December 9, 2020 (the “IPO”), or between December 9, 2020 and February 15, 2022, inclusive (the “Class Period”), are encouraged 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 the 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 take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. C3’s partnership with Baker Hughes was weakening by the day. The Company used an improper accounting methodology to cover this deteriorating relationship. The Company faced significant headwinds in product adoption and turnover of its sales staff. The Company overstated 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 damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
The Schall Law Firm
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119200