CoreWeave, Inc. Class Action Lawsuit – CRWV

The filed complaint alleges that CoreWeave, Inc. made materially false and/or misleading statements and/or failed to disclose that:

(i) defendants had overstated CoreWeave’s ability to meet customer demand for its service; (ii) defendants materially understated the scope and severity of the risk that CoreWeave’s reliance on a single third-party data center supplier presented for CoreWeave’s ability to meet customer demand for its services; (iii) the foregoing was reasonably likely to have a material negative impact on the Company’s revenue; (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.