Tempus Investor Drops Lawsuit Levying Short Seller Accusations

Tempus AI Inc. escaped proposed class allegations the health tech company misrepresented its artificial intelligence capabilities and other issues after the court-appointed lead investor dropped the lawsuit.

Judge Matthew F. Kennelly terminated the case Monday at the request of investor Art Esa, saying the dismissal wouldn’t impact other shareholders’ decisions to sue. Esa, whom the US District Court for the Northern District of Illinois named lead plaintiff, had said the decision to voluntarily drop the suit came after “a thorough investigation that confirmed he could not file an amended complaint that met the heightened pleading requirements under the Private Securities ...