Reported 3 months ago
CrowdStrike is being sued by shareholders claiming that the cybersecurity firm concealed inadequate software testing, which led to a global outage affecting over 8 million computers on July 19. The lawsuit, filed in Texas, accuses the company of providing misleading assurances about their technology, resulting in a 32% drop in share price and significant financial losses. CrowdStrike, which denies the allegations, is likely to face further legal challenges as it deals with the fallout from the incident.
Source: YAHOO