Radnor, Pennsylvania–(Newsfile Corp. – April 1, 2022) – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against C3.ai, Inc. (“C3”) (NYSE: AI). The action charges C3 with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects. As a result of C3’s materially misleading statements to the public, C3’s investors have suffered significant losses.

Kessler Topaz is one of the world’s foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.

CANNOT VIEW THIS VIDEO? PLEASE CLICK HERE

CLICK HERE TO SUBMIT YOUR C3 LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/ai-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=ai

LEAD PLAINTIFF DEADLINE: MAY 3, 2022
CLASS PERIOD: DECEMBER 9, 2020 THROUGH FEBRUARY 15, 2022

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
James Maro, Esq. at (484) 270-1453 or via email at [email protected]

C3’S ALLEGED MISCONDUCT

C3 is an artificial intelligence software company that offers software-as-a-service applications for enterprises in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

On February 16, 2022, Spruce Point Capital Management, LLC (“Spruce Point Capital”) published a short-seller report on C3. In the report, Spruce Point Capital revealed that it found “multiple instances of claims made by C3 that appear to be exaggerated, or don’t reconcile with our research findings.” Specifically, the report indicates, among other…