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By Jonathan Stempel (Reuters) - CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July ...
The problem affected systems running Windows 10 and Windows 11 running the CrowdStrike Falcon software. [18] [15] Most personal Windows PCs were unaffected, as CrowdStrike's software is primarily used by organizations. [18] The CrowdStrike software did not provide a way for subscribers to delay the installation of its content files. [19]
Delta’s lawsuit filed in Fulton County Superior Court called the faulty software update from CrowdStrike “catastrophic” and said the firm “forced untested and faulty updates to its ...
On this news, shares of CrowdStrike fell $25.16 or 10% to close at $233.65 on July 30, 2024. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class.
On July 19, cybersecurity company CrowdStrike distributed a faulty update to its Falcon Sensor security software that caused widespread problems with Microsoft Windows computers running the software. As a result, roughly 8.5 million systems crashed and were unable to properly restart [ 8 ] in what has been called the largest outage in the ...
CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed ...
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 ...
CrowdStrike has released a fix for its software and is actively pushing it out to customers. But that doesn’t mean every company will get back online right away.