NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of CrowdStrike Holdings, Inc. (“CrowdStrike” or the “Company”) (NASDAQ: CRWD). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether CrowdStrike and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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Early in the morning of July 19, 2024, a software outage caused massive disruptions across numerous businesses, including banks, airlines, TV stations, healthcare providers, and hotels. The outage was quickly linked to a software update issued by CrowdStrike on Microsoft Windows systems. In a public statement, CrowdStrike’s Chief Executive Officer acknowledged the Company’s responsibility for the incident, stating: “We’re deeply sorry for the impact that we’ve caused to customers, to travelers, to anyone affected by this.”
As media outlets reported on the outage, CrowdStrike’s stock price fell $38.05 per share, or 11.09%, to close at $305.00 per share on July 19, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
