C3.ai (AI) Alert: Johnson Fistel, Globally-Recognized Law Firm, encourages Long Term Shareholders to Contact the Firm for More Information
SAN DIEGO, May 13, 2022 (GLOBE NEWSWIRE) — Johnson Fistel, LLP is investigating potential claims on behalf of C3.ai, Inc. (NYSE: AI) against certain of its officers and directors.
The C3.ai class action lawsuit alleges that the IPO’s offering documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. The C3.ai lawsuit further alleges that the IPO’s offering documents and defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) C3.ai’s partnership with Baker Hughes was deteriorating; (ii) C3.ai was employing a flawed accounting methodology to conceal the deterioration of its Baker Hughes partnership; (iii) C3.ai faced challenges in product adoption and significant salesforce turnover; (iv) C3.ai overstated, among other things, the extent of its investment in technology, description of its customers, its total addressable market (“TAM”), the pace of its market growth, and the scale of alliances with its major business partners; and (v) as a result, C3.ai’s public statements were materially false and misleading at all relevant times.
If you are a current, long-term shareholder of C3.ai shares, you may have standing to hold Tactile harmless from the alleged harm caused by the Company’s officers and directors by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing.
If you have continuously owned C3.ai shares, you can click or copy and paste the link below in a browser to join this action:
https://www.cognitoforms.com/JohnsonFistel/C3aiInc3
If you are interested in learning more about the investigation, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]
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