C3.ai Class Action Lawsuit Filed for Securities Violations and Misrepresentation.

A lawsuit has been filed against C3.ai, alleging violations of the Securities Exchange Act of 1934. The company and its top executives are accused of misleading investors about the company's financial performance. The lawsuit seeks to represent purchasers or acquirers of C3.ai securities and was filed in the Northern District of California.

A significant securities class action lawsuit has been filed against C3.ai, Inc. (NYSE: AI), alleging violations of the Securities Exchange Act of 1934. The lawsuit, styled as Liggett v. C3.ai, Inc., No. 25-cv-07129 (N.D. Cal.), seeks to represent purchasers or acquirers of C3.ai securities and was filed in the Northern District of California. The complaint alleges that the company and its top executives made false and misleading statements about the company's financial performance, leading to substantial losses for investors.

The lawsuit, announced by Robbins Geller Rudman & Dowd LLP [1], charges that C3.ai created the false impression that it possessed reliable information pertaining to its projected revenue outlook and anticipated growth. The complaint alleges that the company minimized the risk to its profitability from CEO Thomas M. Siebel's health concerns, which were later revealed to have had a significant adverse impact on the company's ability to close deals and achieve its financial targets.

The class action lawsuit further alleges that on August 8, 2025, C3.ai announced disappointing preliminary financial results for the first quarter of fiscal year 2026 and reduced its revenue guidance for the full fiscal year 2026. This announcement led to a more than 25% drop in the price of C3.ai stock. The complaint alleges that the company's optimistic reports of growth, earnings potential, and anticipated margins fell short of reality and that this information was not adequately disclosed to investors.

Investors who purchased or acquired C3.ai securities between February 26, 2025, and August 8, 2025, are eligible to participate in the class action lawsuit. The lead plaintiff deadline for this lawsuit is October 21, 2025. Investors who suffered substantial losses are encouraged to contact Robbins Geller Rudman & Dowd LLP or Hagens Berman, the law firms representing the plaintiffs in this case [2].

The lawsuit comes on the heels of C3.ai's preliminary Q1 2026 financial results, which revealed a significant revenue miss. The company's revenue guidance of $100 million to $109 million in May 2025 was far exceeded by the actual preliminary revenue of $70.2 million to $70.4 million reported in August 2025. This discrepancy has prompted national shareholder rights firm Hagens Berman to investigate potential legal claims against C3.ai [2].

Investors are urged to submit their losses and any relevant information to the law firms representing the plaintiffs. The lead plaintiff in the class action lawsuit can select a law firm of their choice to litigate the case on their behalf. An investor's ability to share in any potential future recovery is not dependent upon serving as the lead plaintiff.

References:
[1] https://www.prnewswire.com/news-releases/c3ai-investor-alert-robbins-geller-rudman--dowd-llp-announces-that-c3ai-inc-investors-with-substantial-losses-have-opportunity-to-lead-investor-class-action-lawsuit-302545836.html
[2] https://www.globenewswire.com/news-release/2025/09/04/3144788/32716/en/C3-ai-Inc-AI-Hit-With-Securities-Class-Action-After-Shares-Crash-25-On-Large-Revenue-Miss-Hagens-Berman.html