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(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 19 global outage that ...
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.
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 ...
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 ...
NEW YORK, Aug. 01, 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
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of CrowdStrike 08/02/2024 14:35 -0400 Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In CrowdStrike To Contact Him Directly To Discuss Their Options
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.
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]