NEW YORK, March 04, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Sea Limited (NYSE: SE), Informatica , Inc. (NYSE: INFA), and C3.ai (NYSE: AI). Our investigations focus on whether these companies have violated federal securities laws and/or engaged in other illegal business practices. Additional information on each case can be found at the link provided.
Sea Limited (NYSE: SE)
On February 14, 2022, Bloomberg reported that “India has banned 54 apps it says are of Chinese origin, including Sea Ltd.’s flagship game Free Fire, citing security concerns.”
On this news, Sea’s stock price fell $29.11 per share, or 18.39%, to close at $129.17 per share on February 14, 2022.
For more information on the Sea Limited class action, please visit: https://bespc.com/cases/SE
Informatica, Inc. (NYSE: INFA)
Informatica provides software solutions. The company offers an end-to-end data management platform that connects, manages and unifies data across any multi-cloud hybrid system, enabling enterprises to modernize and advance their data strategies.
On or about October 27, 2021, Informatica completed its initial public offering (“IPO”), issuing 29,000,000 shares at a price of $29.00 per share. Then, on February 16, 2022, the company reported a net loss that widened to $66.3 million, or 25 cents per share, from $32.8 million, or 13 cents per share, ago. a year.
Informatica stock price declined $7.97 per share, or approximately 28.3%, from $28.15 per share to close at $20.18 per share on February 17, 2022.
For more information on the Informatica class action, please visit: https://bespc.com/cases/INFA
C3.ai, Inc. (NYSE: IA)
On February 16, 2022, Spruce Point Capital Management (“Spruce Point”) released a report on C3, claiming that Spruce Point’s research failed to substantiate various claims made by C3. Therefore, the Spruce Point report concluded that there is a strong likelihood that C3 is overestimating its number of paying and active customers and has overstated its total addressable market.
On this news, C3’s stock price fell $4.52 per share, or 14.21%, in subsequent trading sessions, closing at $21.19 per share on February 18, 2022.
For more information on the C3 class action, please visit: https://bespc.com/cases/AI
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation before state and federal courts across the country. For more information about the company, please visit www.bespc.com. Lawyer advertisement. Prior results do not guarantee similar results.
Bragar Eagel & Squire, CP
Brandon Walker, Esq.
Alexandra B. Raymond, Esq.