NEWTOWN,
Pa., July 25, 2024 /PRNewswire/ -- Edelson
Lechtzin LLP, a leading class action law firm, is investigating
securities fraud and breach of fiduciary duty claims
on behalf of shareholders of CrowdStrike Holdings, Inc. (NASDAQ:
CRWD).
If you have substantial losses on your CRWD investments or
possess information concerning the massive shutdown caused by the
CrowdStrike software update, please get in touch with Edelson
Lechtzin LLP at 844-696-7492, or by e-mail at
elechtzin@edelson-law.com. You can also submit your trading
information online HERE.
Background on CrowdStrike
CrowdStrike is a global cybersecurity company that provides an
advanced cloud-native platform for protecting critical areas of
enterprise risk–endpoints.
The Claims
On Friday, July 19, 2024,
CrowdStrike released a software update that resulted in a Windows
system crash. The CrowdStrike software glitch caused disruptions
around the globe, which has been described as the largest IT outage
in history. Airlines, health care, and banking sectors were hardest
hit by the CrowdStrike crash. Insurers now estimate that this
outage will cost Fortune 500 companies more than $5 billion in losses.
As a result of this incident, the price of CrowdStrike common
stock plummeted from $343.05 per
share on July 18, 2024, to close at
$304.96 per share on July 19, 2024. The selloff continued on the next
trading day, with the price of CRWD stock closing at $263.91 per share on July
22, 2024.
Edelson Lechtzin LLP is a leading class action law firm with
offices in Pennsylvania and
California. In addition to cases
involving securities and investment fraud, our lawyers
focus on class and collective litigation in cases alleging
violations of the federal antitrust laws, employee benefit plans
under ERISA, wage theft and unpaid overtime, consumer
fraud, and dangerous and defective drugs and medical
devices.
This press release may be considered Attorney Advertising in
some jurisdictions. No class has been certified in this case, so
you are not represented by counsel unless you retain one. You may
select counsel of your choice. You may also remain an absent class
member and do nothing at this point. Your ability to share in any
potential future recovery is not dependent upon serving as lead
plaintiff.
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SOURCE Edelson Lechtzin LLP