C3.AI INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of C3.ai, Inc. - AI
C3.ai, Inc. Class A (AI)
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Source: Business Wire
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into C3.ai, Inc. (“C3” or the “Company”) (NYSE: AI).In December 2020, the Company went public, completing its Initial Public Offering, touting throughout the process the Company's relationships with technology leaders, including Baker Hughes, and its “large and rapidly growing…market,” among other things. Then, on February 22, 2022, Spruce Point Capital Management reported that it had uncovered “[e]vidence of a severely challenged partnership with Baker Hughes, a related party and C3.ai's largest customer” and “[s]igns of problematic financial reporting and accounting regarding the Baker Hughes joint venture and a revolving door in C3.ai's Chief Financial Officer position.”Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, chargin
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