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Court Trims C3.ai Lawsuit As Stock Lags Analyst Price Targets

Court Trims C3.ai Lawsuit As Stock Lags Analyst Price Targets

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  • A U.S. District Court has dismissed with prejudice most claims in a securities class action against C3.ai, including alleged misleading statements made with intent to deceive.

  • Insider trading allegations against current and former executives have also been thrown out.

  • Only limited claims under Sections 11 and 15 of the Securities Act of 1933 remain, tied to one statement in C3.ai’s IPO registration.

  • The ruling reduces potential legal risk and liability exposure for C3.ai, which trades on the NYSE under the ticker NYSE:AI.

C3.ai enters this legal turning point with its shares at $7.76 and multi year…

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