Los Angeles - (NewMediaWire) - February 23, 2022 - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of C3.ai, Inc. (“C3” or “the Company”) (NYSE: AI) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. C3 is the subject of a report published by Spruce Point Capital Management, LLC on February 16, 2022. The report alleges that the Company “has a pattern of exaggerated business claims and is using multiple strategic partnerships with well known companies such as Baker Hughes, Hewlett Packard Enterprises, Microsoft,Google and Intel to project an aura as a successful enterprise artificial intelligence platform with limitless growth. In reality, we believe C3 has failed to gain broad market acceptance, is on its third rebrand, and its revenues are being propped up by an aggressively managed and struggling strategic partnership with Baker Hughes amounting to >30% of sales.” Based on this news, shares of C3 dropped in intraday trading on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm 
Brian Schall, Esq. 

310-301-3335

info@schallfirm.com

www.schallfirm.com

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