Reported 3 months ago
CrowdStrike, the cybersecurity firm, is being sued by shareholders who allege the company misled them regarding the adequacy of its software testing, which led to a significant global outage affecting over 8 million computers. The lawsuit claims that the assurances provided by executives, such as CEO George Kurtz, were false and resulted in a drastic drop in stock value, costing investors an estimated $25 billion. CrowdStrike has stated it plans to defend itself vigorously against the allegations.
Source: YAHOO