{"id":742643,"date":"2023-03-26T17:48:26","date_gmt":"2023-03-26T21:48:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-c3-ai-inc-ai-and-encourages-long-term-ai-investors-to-contact-the-firm\/"},"modified":"2023-03-26T17:48:26","modified_gmt":"2023-03-26T21:48:26","slug":"shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-c3-ai-inc-ai-and-encourages-long-term-ai-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-c3-ai-inc-ai-and-encourages-long-term-ai-investors-to-contact-the-firm\/","title":{"rendered":"SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against C3.ai, Inc. (AI) and Encourages Long-Term AI Investors to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">PHILADELPHIA, March  26, 2023  (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against C3.ai, Inc. (\u201cC3\u201d) (NYSE: AI) on behalf of certain investors who purchased shares of the Company\u2019s stock between December 9, 2020, and December 2, 2021.<\/p>\n<p align=\"left\">On or about December 9, 2020, C3 completed its initial public offering (\u201cIPO\u201d) of common stock, selling 15.5 million shares of stock to investors at a price of $42.00 per share.<\/p>\n<p align=\"left\">The class action complaint alleges that the Company\u2019s IPO materials filed with the U.S. Securities and Exchange Commission (\u201cSEC\u201d), as well as certain statements made following the IPO, contained false and misleading statements and material omissions regarding (i) C3\u2019s most important strategic partnership with oil and gas monolith Baker Hughes, and (ii) C3\u2019s salesforce.<\/p>\n<p align=\"left\">As further detailed in the complaint, on December 1, 2021, C3\u2019s CEO Thomas Siebel \u201crevealed, for the first time, that C3 had secretly reorganized its direct salesforce in July [2021], only to restructure again in the last month of the quarter (essentially admitting that management was materially concerned with the salesforce by July).\u201d Additionally, Siebel \u201crevealed that C3 did not have access to Baker Hughes\u2019 enormous 12,000-person salesforce nor its deep expertise. Rather, Baker Hughes and C3 had formed a separate, discrete unit called Baker Hughes C3, which had some undisclosed number of salespeople without the required expertise.\u201d <strong><em>Following these disclosures, shares of C3\u2019s common stock declined $3.13 per share, to close on December 1, 2021 at $33.83 per share.<\/em><\/strong><\/p>\n<p align=\"left\">\n        <strong><br \/>\n          <em>Current C3 stockholders<\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em> who purchased or acquired shares of the Company\u2019s stock <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em><br \/>\n            <u>prior to July 1, 2021<\/u><br \/>\n          <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em> are encouraged to contact <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>Kaskela Law LLC <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>(D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 \u2013 0750, or by email\u00a0(<\/em><br \/>\n        <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=RAzqg5BFWx_TzyW8joWwq46Fr-Gh1aweqifFyMvXA-VCjYi6XokwhTsmWIB8K-22gP79bv_IbMz3iiNs_Vny_acnQKEJmMuv_vPcsSWLN5Q=\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <em>skaskela@kaskelalaw.com<\/em><br \/>\n          <\/strong><br \/>\n        <\/a><br \/>\n        <strong><br \/>\n          <em> \/ <\/em><br \/>\n        <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=UvM1qk3ndXoY3bcTvTDVWaSumDYgDHISPuMFIXcsJe_fvF0p9EqybAiIWR0k1iUUpJoi-KO6qg0sPd617aVQZ7hPyYF9PIoY5A8rmjrcvlU=\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <em>abell@kaskelalaw.com<\/em><br \/>\n          <\/strong><br \/>\n        <\/a><br \/>\n        <strong><br \/>\n          <em>)\u00a0or\u00a0online at <\/em><br \/>\n        <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ma6CSWL8lrxpiEEZWk_lGZB5_YRvITnUdLSOqCQ_ev_S8bD5hG-IoybS_WM5qWa9BLyjeqnhenvF3qnLNOuOhhFq-tloWeMnyhhyuVWZz1QKGqW9lXwplJUcN7IijO6vcYURFWU5ECUQFpoVQ09Eow==\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <em>https:\/\/kaskelalaw.com\/cases\/c3-ai-inc\/<\/em><br \/>\n          <\/strong><br \/>\n        <\/a><br \/>\n        <strong><br \/>\n          <em> , to receive additional information about this action and their legal rights and options.<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"left\">Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger &amp; acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pgZ6BHTngglo8DAmu-8QwZ2gPl-aM4RaiePAX_IkMYOkl9NeNIhcseOn3SnakGdwtKZHOS41sqkXH8nR3uR7ddk-qQ4PJOzYMXDaonzI5VM=\" rel=\"nofollow noopener\" target=\"_blank\">www.kaskelalaw.com<\/a>. This notice may constitute attorney advertising in certain jurisdictions.<\/p>\n<p align=\"left\">\n        <strong>CONTACT:<\/strong>\n      <\/p>\n<p align=\"left\">\n        <strong>KASKELA LAW LLC<\/strong><br \/>\n        <br \/>D. Seamus Kaskela, Esq.<br \/>Adrienne Bell, Esq.<br \/>18 Campus Blvd., Suite 100<br \/>Newtown Square, PA 19073<br \/>(888) 715 \u2013 1740<br \/>(484) 229 \u2013 0750<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pgZ6BHTngglo8DAmu-8QweyklYHemmfemz6m5GQVZlqjYg-0nJRJaDI3OelBdEhwmxYApkKqvAn_EFkgAw75kfFSoOGKNQq-OtLj1koEZWc=\" rel=\"nofollow noopener\" target=\"_blank\">www.kaskelalaw.com<\/a><\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc5NTU5OSM1NDkyMjY4IzIwOTk5MzU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YTllZmJmYWItYzZlZi00MWM5LTg5NTMtYmI0MzVlNzE4ZDIyLTExMTE1MDY=\/tiny\/Kaskela-Law.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PHILADELPHIA, March 26, 2023 (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against C3.ai, Inc. (\u201cC3\u201d) (NYSE: AI) on behalf of certain investors who purchased shares of the Company\u2019s stock between December 9, 2020, and December 2, 2021. On or about December 9, 2020, C3 completed its initial public offering (\u201cIPO\u201d) of common stock, selling 15.5 million shares of stock to investors at a price of $42.00 per share. The class action complaint alleges that the Company\u2019s IPO materials filed with the U.S. Securities and Exchange Commission (\u201cSEC\u201d), as well as certain statements made following the IPO, contained false and misleading statements and material omissions regarding (i) C3\u2019s most important strategic partnership &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-c3-ai-inc-ai-and-encourages-long-term-ai-investors-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against C3.ai, Inc. (AI) and Encourages Long-Term AI Investors to Contact the Firm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-742643","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against C3.ai, Inc. (AI) and Encourages Long-Term AI Investors to Contact the Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-c3-ai-inc-ai-and-encourages-long-term-ai-investors-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against C3.ai, Inc. (AI) and Encourages Long-Term AI Investors to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PHILADELPHIA, March 26, 2023 (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against C3.ai, Inc. (\u201cC3\u201d) (NYSE: AI) on behalf of certain investors who purchased shares of the Company\u2019s stock between December 9, 2020, and December 2, 2021. On or about December 9, 2020, C3 completed its initial public offering (\u201cIPO\u201d) of common stock, selling 15.5 million shares of stock to investors at a price of $42.00 per share. The class action complaint alleges that the Company\u2019s IPO materials filed with the U.S. Securities and Exchange Commission (\u201cSEC\u201d), as well as certain statements made following the IPO, contained false and misleading statements and material omissions regarding (i) C3\u2019s most important strategic partnership &hellip; Continue reading &quot;SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against C3.ai, Inc. 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(\u201cC3\u201d) (NYSE: AI) on behalf of certain investors who purchased shares of the Company\u2019s stock between December 9, 2020, and December 2, 2021. On or about December 9, 2020, C3 completed its initial public offering (\u201cIPO\u201d) of common stock, selling 15.5 million shares of stock to investors at a price of $42.00 per share. The class action complaint alleges that the Company\u2019s IPO materials filed with the U.S. Securities and Exchange Commission (\u201cSEC\u201d), as well as certain statements made following the IPO, contained false and misleading statements and material omissions regarding (i) C3\u2019s most important strategic partnership &hellip; Continue reading \"SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against C3.ai, Inc. 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