NEW YORK, NY - August 28, 2025 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against C3.ai, Inc. (“C3.ai” or the “Company”) (NYSE: AI) on behalf of investors that purchased or otherwise acquired Snap securities between February 26, 2025 and August 8, 2025 (the “Class Period”).
If you purchased C3.ai securities during the Class Period and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than October 21, 2025 to serve as a lead plaintiff for the purported class. If you have losses, we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On August 8, 2025, after markets closed, C3.ai issued a press release announcing preliminary financial results for the first quarter of 2026, including total revenue for the quarter of $70.2 million to $70.4 million, significantly below the previous guidance range of $100 million to $109 million.
Later that day, C3.ai issued another press release announcing a restructuring of its sales and services organizations to accelerate growth. Thomas Siebel, the Chief Executive Officer, stated that “the sales results in Q1 were completely unacceptable,” and attributed the disappointing results to two factors: 1) a disruptive effect of a reorganization with new leadership, and 2) his own health issues that prevented his active involvement in the sales processes.
Following this news, the price of C3.ai stock fell $5.66 per share, or 25.58%, to close at $16.47 per share on August 11, 2025.
WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.
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If you have any questions about this Notice, your rights, or your interests, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
https://www.kaplanfox.com/case/c3-ai-inc/
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