NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into CrowdStrike Holdings, Inc. (the “Company”) (NasdaqGS: CRWD).
On July 19, 2024, an update pushed by the Company caused global outages for millions of users of Microsoft Windows devices, including financial institutions, airlines, government entities, and corporations, and left users vulnerable to potential hacking threats. Then, on July 22, 2024, it was revealed that Congress had called on CEO George Kurtz to testify regarding the catastrophe, and the Company’s stock rating was downgraded by analysts. Then, on July 29, 2024, news outlets reported that Delta Air Lines had retained noted attorney David Boies to seek damages from the Company following the outages.
Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws, which remains ongoing.
KSF’s investigation is focusing on whether CrowdStrike’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of CrowdStrike shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-crwd/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana and New Jersey.
To learn more about KSF, you may visit www.ksfcounsel.com.
