TEM Investors Can Take Action Against Tempus AI, Inc. Over Potential Securities Fraud
TEM Investors Can Take Action Against Tempus AI, Inc. Over Potential Securities Fraud
The Schall Law Firm, a respected name in shareholder rights litigation, has issued an important reminder to investors regarding a class action lawsuit against Tempus AI, Inc. This lawsuit is centered on alleged violations of the Securities Exchange Act of 1934, specifically sections 10(b) and 20(a), alongside Rule 10b-5 as enforced by the U.S. Securities and Exchange Commission (SEC).
Background of the Case
The timeline for the potential class action encompasses transactions that occurred between August 6, 2024, and May 27, 2025. Investors who acquired securities of Tempus during this period are urged to reach out to the firm by August 12, 2025, to ensure they are included in the class. There are critical issues at stake, particularly as shareholders assert that they have sustained losses due to misleading information provided by the company.
Allegations Against Tempus AI
According to documents filed in the case, Tempus AI engaged in practices that misrepresented the financial health of the company. The allegations assert that Tempus inflated the perceived worth of various contracts and deals, particularly involving related entities and self-funded agreements. One example highlighted is Tempus's joint venture with SoftBank, which faced scrutiny due to the appearance of