#United States #New Orleans #Kahn Swick #Charles Foti #Tempus AI

Tempus AI Investors Alert: Class Action Lawsuit Notice

In recent developments, Kahn Swick & Foti, LLC (KSF), led by former Louisiana Attorney General Charles C. Foti, Jr., has issued a critical reminder to investors regarding a class action lawsuit against Tempus AI, Inc., a company listed on Nasdaq under the ticker TEM. Investors who incurred losses exceeding $100,000 while holding Tempus shares between August 6, 2024, and May 27, 2025, are urged to take note of the impending deadline for filing lead plaintiff applications by August 12, 2025.

The lawsuit is currently pending in the United States District Court for the Northern District of Illinois. Investors who believe they have been affected by this situation are encouraged to reach out to KSF’s Managing Partner Lewis Kahn at 1-877-515-1850 or via email at info@ksfcounsel.com. More information can be found at KSF's official website.

Allegations Against Tempus AI

The class action targets several key allegations against Tempus and its executives. It is claimed that the company failed to disclose significant material information during the class period, which potentially violated federal securities laws. A prominent report by Spruce Point Capital Management, LLC, has raised serious concerns regarding the management’s practices, suggesting a history of cashing out before negative impacts on public shareholders, misleading statements regarding AI capabilities, and aggressive financial reporting tactics.

Key points from the report include:
1. Management's Track Record: Allegations indicate that CEO Eric Lefkofsky has a history of selling shares in a manner that leaves investors vulnerable to losses.
2. Misrepresentation of AI Capabilities: Claims have arisen that the advertised AI capabilities of Tempus are significantly overstated.
3. Corporate Associations: Some board members and executives have previous ties to companies facing financial restatements, raising concerns about their governance practices.
4. Accounting Practices Under Scrutiny: Indications of aggressive accounting practices have surfaced, lending support to the concerns raised about how the company reports its financial results.
5. Weakness in Core Operations: A recent adjustment in financial guidance has pointed to underlying weaknesses in the company’s operational activities, prompting further investigation into its financial health.
6. Issues with Collaborations: Notably, the report mentions potential discrepancies in the partnership arrangements with AstraZeneca and Pathos AI, which could have material implications for the business moving forward.

Following these revelations, Tempus's stock witnessed a substantial decline, plummeting by $12.67 or 19.23%, dropping from $65.87 to $53.20 per share in a single day. This significant downturn reflects investor reactions to the concerning news surrounding the company.

Legal Context and Actions for Investors

The case, known as Shouse v. Tempus AI, Inc. et al., No. 25-cv-06534, could have major ramifications for investors significantly impacted by these issues. By filing for lead plaintiff status, individuals can assert their legal rights and seek recovery for financial losses.

Investors need to be proactive in engaging with legal representatives or firms specializing in securities litigation if they wish to participate in the lawsuit and potentially recover their investments. Kahn Swick & Foti, LLC stands out as a key player in this space, known for its commitment to representing investors against corporate fraud.

About Kahn Swick & Foti, LLC

As one of the leading boutique securities litigation law firms in the United States, KSF, along with its notable partner Charles C. Foti, Jr., has gained recognition for representing both institutional and retail investors. The firm has achieved remarkable success in securing settlements for its clients and is known for its extensive experience in handling complex securities cases. KSF operates from multiple offices across the U.S. and has a representative presence in Luxembourg.

For those interested in learning more about KSF and their services, further information is available at www.ksfcounsel.com.

In conclusion, the situation surrounding Tempus AI demands careful attention from affected investors. The upcoming legal deadlines and the implications of the discovered allegations could determine the financial recovery options for many shareholders grappling with substantial losses.