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AI.US
id: 659, Created by Stan Vick Chase, Scout
Join C3.ai (AI) Price Manipulation Case to Fight Losses Back
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
- Short-Seller Kerrisdale & Adrangi accused C3.ai of fraud.
- $AI dropped 25%+ and lost ~$1B of its MCap, injuring investors.
- Investors suspect the Activist manipulated the $AI price by disseminating false accusations.
On April 4, 2023, the letter authored by Kerrisdale Capital Management and Adrangi, an “activist” short-seller of shares of stock in C3.ai, Inc., accused C3.ai., Inc. of, among other things, knowingly creating financial statements that contain “deceitful accounting,” “to fool market participants by painting a false portrait of the company’s profit and loss,” and “trying to cover up a failing business.”
The April 4, 2023 Letter also accused Deloitte & Touche LLP, one of the nation’s leading auditing, accounting, and consulting firms, and C3.ai, Inc.’s auditor of, among other things, “rubber stamping fraudulent accounting” and directed Deloitte & Touche LLP “to come clean in its upcoming audit or resign.”
On this news, the $AI price dropped over 25% and lost around $1B of its market capitalization, seriously injuring investors.
Investors suspect that Kerrisdale and Adrangi Intended to reach a negative $AI price effect as a result of the false accusations set forth in the April 4, 2023 Letter.
Alleged Offence
Price manipulation
Suspected Party
Influencer,
Research Entity,
Hedge Fund
Security Type
Stocks
Trade Direction
Long
Shock Event Date
04 April 2023
Case number
23-CV-02175
Filing date
06 April 2023
Class period Start
04 April 2023
Class period End
06 April 2023
Lead Plaintiff Deadline
06 June 2023
Court
Northern District of Illinois