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Tempus AI Class Action Lawsuit: Important Update for Shareholders

In a significant development for investors of Tempus AI, Inc., ClaimsFiler, a free information service for shareholders, has issued a reminder of the upcoming deadline for filing lead plaintiff applications in a class action lawsuit. Investors who experienced losses exceeding $100,000 by purchasing shares during the class period from August 6, 2024, to May 27, 2025, are encouraged to take action before the August 12, 2025 deadline.

What Happened?

The lawsuit, which is currently progressing in the United States District Court for the Northern District of Illinois, asserts that Tempus AI, along with certain executives, failed to disclose critical information that could have significantly impacted the decision-making of investors. The company allegedly violated federal securities laws during this vital period, creating a need for accountability.

On May 28, 2025, extensive reports by Spruce Point Capital Management brought to light several serious concerns regarding Tempus’s management and financial practices. Some allegations included:

1. Management History: Examining past behaviours of CEO Eric Lefkofsky and his associates revealed a pattern where they would cash out before public shareholders faced substantial losses.
2. Exaggerated Claims: The AI capabilities of Tempus were reported to be overstated, fuelling further skepticism about the company’s operational integrity.
3. Board Concerns: Board members have been linked with companies that have faced issues related to restated financial results, raising serious red flags for current investors.
4. Accounting Practices: Signs of aggressive accounting and financial reporting practices were also highlighted in the reports, showing a troubling trend regarding how the company handles its financial obligations.
5. Partnership Scrutiny: Questions surrounding the AstraZeneca and Pathos AI collaboration were noted, necessitating careful examination.
6. Financial Health Indicators: The company issued a recent revision on its financial guidance, revealing weaknesses within its core operations that were not previously disclosed.

Due to the fallout from these revelations, Tempus AI’s stock experienced a dramatic decline, plummeting $12.67 per share (approximately 19.23%) in a single day, from a closing price of $65.87 per share on May 27 to $53.20 on May 28.

How to Get Involved

For investors looking to assert their rights, ClaimsFiler provides a vital resource. Interested parties can visit ClaimsFiler's website or reach out via toll-free number (844) 367-9658. Legal representatives from Kahn Swick & Foti, LLC are available for discussions about potential legal options.

The case at hand is known as Shouse v. Tempus AI, Inc., et al., No. 25-cv-06534. Whatever the outcome, this situation underscores the importance of shareholder representation and transparency in corporate governance.

About ClaimsFiler

ClaimsFiler aims to provide essential information to help retail investors reclaim their share from securities class action settlements. By registering for free at their website, investors gain access to invaluable resources related to various securities class action cases, including the ability to submit claims and track relevant updates. For more information about ClaimsFiler and their services, visit ClaimsFiler.com.

In summary, for those impacted by Tempus AI's alleged malpractices, this class action presents a critical opportunity to hold the company accountable and seek reparations for their financial losses.