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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.
NEW YORK, Sept. 25, 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 ...
Nearly six weeks after an IT outage caused by CrowdStrike halted air travel the Austin-based company is still being hit by a wave of lawsuits. Austin's CrowdStrike now facing multiple class-action ...
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.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired CrowdStrike securities between November 29, 2023, and July 29, 2024, inclusive (the “Class Period”).
Delta, which said it has purchased CrowdStrike products since 2022, said the outage forced it to cancel 7,000 flights, impacting 1.3 million passengers over five days.
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.