C3.ai said a court dismissed three of five causes of action in a securities class action on Mar 12, 2026

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

C3.ai said that on Mar 12, 2026, the U.S. District Court for the Northern District of California granted in part and denied in part the motions to dismiss a securities class action against the company and certain current and former officers and directors, dismissing three of the five causes of action. According to the company, the order reduced the matters at issue to a single sentence in the registration statement for its December 2020 initial public offering. C3.ai said it believed the remaining claims were without merit and intended to keep defending the case. The company reported the ruling in an 8-K (a US company's report of a material event) filed on Mar 25, 2026.1^,2^,3^,4^,5^,6^,7