Edelson Lechtzin LLP Investigates Securities Fraud Claims Against CrowdStrike Holdings, Inc. (NASDAQ: CRWD)

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 [email protected]. 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.

SOURCE Edelson Lechtzin LLP