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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 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.
Delta's lawsuit filed on Friday in Fulton County Superior Court called the faulty software update from CrowdStrike "catastrophic" and said the company "forced untested and faulty updates to its ...
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 ...
Outages were experienced worldwide, [2] [39] [40] reflecting the wide use of Microsoft Windows and CrowdStrike software by global corporations in numerous business sectors. [41] At the time of the incident, CrowdStrike said it had more than 24,000 customers, [42] including nearly 60% of Fortune 500 companies and more than half of the Fortune 1000.
In its lawsuit, Delta claims that the outage occurred because CrowdStrike failed to test the update before rolling it out worldwide. Delta canceled about 7,000 flights over a five-day period during the peak summer vacation season. The outage also affected banks, hospitals and other businesses.
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 customers ...
NEW YORK, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against CrowdStrike Holdings, Inc. (“CrowdStrike” or the “Company”) (NASDAQ: CRWD) and reminds investors of the September 30, 2024 deadline to seek the role of lead plaintiff in a federal securities ...