Archived Investigations

CrowdStrike Holdings, Inc. (NasdaqGS: CRWD)

Company Name:CrowdStrike Holdings, Inc.

Stock Symbol:NasdaqGS: CRWD

Court:Western District of Texas

Class Period Start:11/29/2023

Class Period End (inclusive):07/29/2024

Filing Deadline:The deadline has passed.

July 31, 2024

CrowdStrike and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On July 19, 2024, an update pushed by the Company caused global outages for millions of users of Microsoft Windows devices, including financial institutions, airlines, government entities, and corporations, and left users vulnerable to potential hacking threats.

On this news, the price of CrowdStrike shares fell $38.09 or 11% to close at $304.96 on July 19, 2024. Then, on July 22, 2024, it was revealed that Congress had called on CEO George Kurtz to testify regarding the catastrophe, and the Company’s stock rating was downgraded by analysts. On this news, the price of CrowdStrike shares fell $41.05 or 13.5% to close at $263.91 on July 22, 2024. Then, on July 29, 2024, news outlets reported that Delta Air Lines had retained noted attorney David Boies to seek damages from the Company following the outages. On this news, the price of CrowdStrike shares fell $25.16 or 10% to close at $233.65 on July 30, 2024.

The case is Plymouth County Retirement Association v. CrowdStrike Holdings, Inc., et al., 24-cv-00857.

Click here to read the first filed complaint.

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Kahn Swick & Foti, LLC Privacy Policy

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Your California Privacy Rights

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Changes to Our Privacy Policy

Kahn Swick & Foti reserves the right to change this policy at any time by posting a new privacy policy at this location.

How to Contact Us

If you have questions concerning this Privacy Notice, wish to obtain additional information, or exercise specific data subject rights pursuant to European law (including the General Data Protection Regulation, and other country-specific data protection laws that may apply), please contact us.

Topics:

What Information Do We Collect About You?
How Do We Collect Information About You?
How Will We Use Information We Collect About You?
Marketing
Access to Your Information and Correction
Your California Privacy Rights
Cookies
Data Retention and Storage
Changes to Our Privacy Policy
How to Contact Us