Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of C3.ai, Inc. (AI) Investigation

NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of C3.ai, Inc. (“C3.ai” or the “Company”) (NYSE: AI). Investors who purchased C3.ai securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/ai.

The investigation concerns whether C3.ai has violated federal securities laws.

On April 4, 2023, Kerrisdale Capital (“Kerrisdale”) sent a letter to C3.ai’s auditor, Deloitte & Touche, alleging “serious accounting and disclosure issues.” Kerrisdale’s letter “discuss[ed] the highly conspicuous growth in unbilled receivables to levels we’ve never before seen in software companies. Opaque, confusing and highly concerning disclosures and financials related to the company’s related party and very large customer, Baker Hughes (BKR).” On this news, C3.ai’s stock price fell sharply during intraday trading on April 4, 2023.

If you are aware of any facts relating to this investigation or purchased C3.ai shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/ai. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.