Shareholders take CrowdStrike to court over global outage
CRWDCrowdStrike(CRWD) Fox Business·2024-08-01 22:07

CrowdStrike shareholders claim the cybersecurity company defrauded them after a faulty software update caused a global outage that crashed more than 8 million computers on July 19. In a class action lawsuit filed Tuesday in Austin, Texas federal court, shareholders accused CrowdStrike of making materially false and misleading statements about its software testing. They say those false statements came to light during the outage, which disrupted airlines, banks, hospitals and emergency lines around the world. ...