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The lawsuit led by the Plymouth County Retirement Association of Plymouth, Massachusetts, seeks unspecified damages for holders of CrowdStrike Class A shares between Nov. 29, 2023, and July 29, 2024.
In a proposed class action lawsuit filed in federal court in Austin, Texas, three travelers accused CrowdStrike of negligence in testing and deploying its software, which they claim caused the outage.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) CrowdStrike had instituted deficient controls in its procedure for updating Falcon and was not properly testing updates to Falcon before rolling them out ...
Investors in CrowdStrike have also filed a lawsuit. The Plymouth County Retirement Association alleges CrowdStrike maintained deficient controls and did not adequately test its software, despite ...
SAN DIEGO, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired CrowdStrike Holdings, Inc. (NASDAQ: CRWD) Class A common stock between November 29, 2023 and July 29, 2024. CrowdStrike is a global cybersecurity company ...
NEW YORK, Sept. 29, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against CrowdStrike Holdings, Inc. (“CrowdStrike” or “the Company”) (NASDAQ: CRWD) and certain of its officers. Class Definition
Per CrowdStrike's third-quarter earnings report, the company has eclipsed $4 billion in ARR. Furthermore, CrowdStrike is generating just shy of $1 billion per quarter in subscription revenue (not ...
On October 25, 2024, Delta Air Lines filed a lawsuit against cybersecurity firm CrowdStrike, seeking compensation for losses incurred during a significant IT outage on July 19, 2024. Delta estimates the financial impact at around $550 million, encompassing both lost revenue and additional expenses.