Shareholders with $50,000 losses or more are encouraged to contact the firm
LOS ANGELES, March 24, 2022 /PRNewswire/ — The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of investors of C3.ai, Inc. (“C3.ai” or the “Company”) (NYSE:AI) who purchased or otherwise acquired: (a) Class A common stock pursuant and/or traceable to the December 2020 initial public offering (“IPO”); and/or (b) securities between December 9, 2020 and February 15, 2022, inclusive (the “Class Period”). C3.ai investors have until May 3, 2022 to file a lead plaintiff motion.
If you are a shareholder who suffered a loss, click here to participate.
In December 2020, C3.ai conducted its IPO, issuing 15.5 million shares of Class A common stock at $42.00 per share.
On February 16, 2022, Spruce Point Capital Management published a report alleging that C3.ai has exhibited a “pattern of exaggerated business claims,” concluding that there is a high probability that C3 is overstating its numbers of paying and …
