Bragar Eagel & Squire, P.C. Is Investigating C3.ai, Ascendis, Alvotech, and Shift4 and Encourages Investors to Contact the Firm
Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices.
- Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices.
- 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.
- On this news, C3.ai's price fell $8.92 per share, or 26.34%, to close at $24.95 per share on April 3, 2023.