Pomerantz LLP filed a securities class action Friday in California Northern District Court against artificial intelligence software developer C3.ai Inc., former U.S. Secretary of State Condoleeza Rice and other top company executives. The suit accuses the defendants of misleading investors about C3.ai’s ‘deteriorating’ partnership with non-party energy giant Baker Hughes, and misrepresenting production challenges and major turnover in the C3.ai’s salesforce. Counsel have not yet appeared for the defendants. The case is 3:22-cv-01413, The Reckstin Family Trust v. C3.ai, Inc. et al.
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