Shareholders with $50,000 losses or more are encouraged to contact the firm
Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against C3.ai, Inc.
Latest Aithority Insights : Govexec Acquires Local Government Business Intelligence Data Provider, Power Almanac
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.
Browse The Complete News About Aithority: Lightbits Expands Multi-Cloud Support with OpenStack Yoga
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
Read More About Aithority News : Magnitude Announces Client Growth and Entry into New Markets
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.