The lawsuit says CrowdStrike's share price fell 32% in 12 days, wiping out US$25 billion of market value, as the outage's effects became known.
  • hagelslager@feddit.nlEnglish
    222·
    4 months ago

    I hold no love for investors (even though pension funds rely on them, as shown by the lead plaintiff), but this seems pretty warranted if the company makes claims which are contrary to reality.

    • sunzu@kbin.run
      53·
      4 months ago

      even though pension funds rely on them, as shown by the lead plaintiff)

      Bro. Pension fund is an investor category. A major one after owner class.

    • daddy32@lemmy.worldEnglish
      23·
      4 months ago

      This is called “securities fraud” and I think this would be a straightforward case.