Tempus AI Faces Securities Class Action Lawsuit Deadline: Former Louisiana Attorney General and Kahn Swick & Foti Remind Investors

Kahn Swick & Foti, LLC, a law firm, reminds investors of a class action lawsuit against Tempus AI, Inc. (NasdaqGS: TEM) for allegedly failing to disclose material information during the Class Period (August 6, 2024-May 27, 2025). The lawsuit was filed in the United States District Court for the Northern District of Illinois, and investors must request lead plaintiff status by August 12, 2025. The case is Shouse v. Tempus AI, Inc., et al., No. 25-cv-06534.

Investors who lost money on Tempus AI, Inc. (NASDAQ: TEM) stock between August 6, 2024 and May 27, 2025, are being reminded to participate in a class action lawsuit against the company. The deadline to request lead plaintiff status is August 12, 2025. The lawsuit, filed in the United States District Court for the Northern District of Illinois, alleges that Tempus failed to disclose material information during the class period [3].

The complaint, filed by the law firm Kahn Swick & Foti, LLC, alleges that Tempus and certain executives made false and misleading statements about the company's business, operations, and prospects. These statements included overstating the value of contract agreements, issues with the joint venture with SoftBank, and aggressive billing practices at Tempus-acquired Ambry. Additionally, the complaint alleges that AstraZeneca reduced its financial commitments to Tempus through a questionable "pass-through payment" [1][2].

On May 28, 2025, Spruce Point Capital Management, LLC reported numerous issues with Tempus' management, operations, and financial reporting. This report led to a significant drop in Tempus' stock price, falling $12.67 per share, or 19.23%, from a closing price of $65.87 per share on May 27, 2025, to a closing price of $53.20 per share on May 28, 2025 [3].

Investors who purchased Tempus securities during the class period are encouraged to visit the ClaimsFiler website (https://claimsfiler.com/cases/nasdaq-tem/) or call toll-free (844) 367-9658 to learn more about their legal options. The law firm offers free case evaluations and can help investors recover their share of the settlement [3].

References:

[1] https://www.businesswire.com/news/home/20250808548472/en/Deadline-Soon-Tempus-AI-Inc.-TEM-Investors-Who-Lost-Money-Urged-To-Contact-The-Law-Offices-of-Frank-R.-Cruz-About-Securities-Fraud-Lawsuit

[2] https://www.morningstar.com/news/globe-newswire/9505223/tem-investor-alert-bronstein-gewirtz-grossman-llc-announces-that-tempus-ai-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit

[3] https://www.globenewswire.com/news-release/2025/08/07/3128861/35454/en/TEMPUS-AI-SHAREHOLDER-ALERT-CLAIMSFILER-REMINDS-INVESTORS-WITH-LOSSES-IN-EXCESS-OF-100-000-of-Lead-Plaintiff-Deadline-in-Class-Action-Lawsuit-Against-Tempus-AI-Inc-TEM.html