Kessler Topaz Alerts CRWD Investors of Class Action Deadline
- A securities class action lawsuit has been filed against CrowdStrike Holdings, Inc. for misleading investors about its software update procedures.
- The lawsuit covers investors who acquired CrowdStrike Class A common stock from November 29, 2023, to July 29, 2024.
- Investors are encouraged to participate in the lawsuit, with a deadline of September 30, 2024, to seek lead plaintiff status.
On September 27, 2024, Kessler Topaz Meltzer & Check, LLP announced a securities class action lawsuit against CrowdStrike Holdings, Inc. in the United States District Court for the Western District of Texas. The lawsuit is on behalf of investors who acquired CrowdStrike Class A common stock between November 29, 2023, and July 29, 2024. The complaint alleges that the company made misleading statements regarding its Falcon software platform, particularly concerning inadequate testing of updates, which posed risks of major outages for customers. These issues reportedly led to significant reputational harm and legal risks for CrowdStrike, resulting in artificially inflated stock prices during the class period. Investors have until September 30, 2024, to seek appointment as lead plaintiffs, which allows them to represent the interests of the class in the litigation process. Kessler Topaz encourages affected investors to reach out for more information about their rights and potential recovery options.