NEW
YORK, April 27, 2022 /PRNewswire/ -- The
Gross Law Firm issues the following notice to shareholders
of C3.ai, Inc..
Shareholders who purchased shares of AI during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/c3-ai-inc-loss-submission-form/?id=26359&from=4
CLASS PERIOD: This lawsuit is on behalf of a class
consisting of all persons and entities other than Defendants that
purchased or otherwise acquired: (a) C3.ai Class A common stock
pursuant and/or traceable to the documents issued in connection
with the Company's initial public offering conducted on or about
December 9, 2020; and/or (b) C3.ai
securities between December 9, 2020
and February 15, 2022, both dates
inclusive.
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially 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) 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 (v) as a result, the Company's public
statements were materially false and misleading at all relevant
times.
DEADLINE: May 3, 2022
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/c3-ai-inc-loss-submission-form/?id=26359&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of AI during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is May 3, 2022. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm