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AI Alert: Monsey Firm of Wohl & Fruchter LLP Investigating C3.ai, Inc.

Published: 2022-02-22 14:39:00 ET

MONSEY, New York, Feb. 22, 2022 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating whether C3.ai, Inc. (NYSE: AI) (“C3”) has violated federal securities laws. If you suffered losses as a result of the recent drop in the price of AI, and have questions about your legal rights, please contact us at the following link to discuss your options at no charge:

https://wohlfruchter.com/cases/c3-ai-inc/

Alternatively, you may contact us by phone at 866-833-6245, or via email at alerts@wohlfruchter.com.

Why is there an investigation?

On February 16, 2022, Spruce Point Capital Management (“Spruce Point”) published a report alleging multiple instances of claims made by C3 that appear to be exaggerated, or do not reconcile with Spruce Point’s research.

Among other things, Spruce Point claims there is a high probability that C3 is overstating paying and active customers. Spruce Point further alleges that several of C3’s alliances (notably with Baker Hughes) are facing significant challenges. Finally, Spruce Point claims that C3 has exaggerated its total addressable market.

In reaction to the Spruce Point report, the price of C3 stock has dropped over 17% between the close on February 15, 2022, and the close on February 18, 2022.

About Wohl & Fruchter Wohl & Fruchter LLP, with offices in New York City and Monsey, has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.

Contact:Wohl & Fruchter LLPJoshua E. Fruchter Toll Free 866.833.6245 alerts@wohlfruchter.com www.wohlfruchter.com

Source: Wohl & Fruchter LLP

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.