CrowdStrike Holdings, Inc. Class Action Lawsuit - CRWD

The filed complaint alleges that CrowdStrike Holdings, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) CrowdStrike had instituted deficient controls in its procedure for updating the Company's main product software, Falcon and was not properly testing updates to Falcon before rolling them out to customers; (2) this inadequate software testing created a substantial risk that an update to Falcon could cause major outages for a significant number of the Company’s customers; and (3) such outages could pose, and in fact ultimately created, substantial reputational harm and legal risk to CrowdStrike. As a result of these materially false and misleading statements and omissions, CrowdStrike stock traded at artificially high prices during the Class Period.

In order to be eligible to join the CRWD class action lawsuit, you must have incurred a loss on shares of CrowdStrike purchased during the class period listed above.

If you suffered a loss in CrowdStrike during the relevant time frame or pursuant to the relevant offering(s), you have until September 30, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.