Reminder for CrowdStrike Investors: Legal Actions and Rights

Author: Olivia Taylor Updated: 09-17-2024 09:58 PM

Important Deadline for CrowdStrike Holdings Shareholders

In recent developments surrounding CrowdStrike Holdings, Inc. (CRWD), important reminders are reaching investors who may be affected. Kahn Swick & Foti, LLC, a respected law firm specializing in securities litigation, is urging investors with losses exceeding $100,000 to act before the impending lead plaintiff application deadline. This deadline is set for September 30, 2024, for filing in a class action lawsuit pertaining to CrowdStrike's Class A shares.

Understanding the Class Action Lawsuit

This securities class action lawsuit accuses CrowdStrike and certain executives of failing to disclose critical information during the defined Class Period, which spans from late November 2023 to late July 2024. Investors who purchased shares during this time may find themselves eligible to participate in the suit if they have suffered financial losses.

Your Rights as an Investor

If you believe your investments in CrowdStrike may qualify you as a lead plaintiff, it’s essential to understand your legal rights. KSF Managing Partner Lewis Kahn highlights the importance of promptly addressing any legal concerns regarding your investments. Interested parties can reach out to KSF toll-free for guidance without incurring any fees.

Details of Allegations Against CrowdStrike

Significant incidents have drawn scrutiny to CrowdStrike recently, with allegations indicating a breach of federal securities laws. A notable event occurred on July 19, 2024, when an update from CrowdStrike reportedly led to extensive service outages affecting a large number of Microsoft Windows users globally. This included critical sectors such as finance, government services, and transportation. Following this news, CrowdStrike’s stock experienced a substantial drop.

Impact on Stock Prices

The initial report on these outages resulted in a decline of approximately 11% in CrowdStrike’s stock price, creating losses for many investors. Further financial challenges emerged when Congress summoned CEO George Kurtz for testimony concerning these events, resulting in analysts downgrading the company’s stock rating. This led to additional drops in the stock price, compounding the losses shareholders experienced.

Legal Representation and Support

Kahn Swick & Foti, LLC is actively representing investors in this matter and urging anyone who has suffered financial harm due to this situation to reach out for assistance. With a history of helping investors navigate corporate fraud cases, KSF’s team offers extensive experience representing varied clients, including institutional investors and retail shareholders.

About Kahn Swick & Foti

As a leading boutique securities litigation law firm, Kahn Swick & Foti, LLC, founded by former Louisiana Attorney General Charles C. Foti, Jr., focuses on representing clients pursuing recoveries for investment losses. KSF operates across several states in the U.S., including New York, Delaware, California, and New Jersey.

Contact Information

To learn more about potential claims and how to proceed, investors are encouraged to contact KSF. The firm can be reached at 1-877-515-1850 or through their email for any inquiries. Potential lead plaintiffs should be aware of the September deadline and take action accordingly.

Frequently Asked Questions

What is the deadline for filing a lead plaintiff application?

Investors must file their lead plaintiff applications by September 30, 2024.

Who can participate in the class action lawsuit?

Investors who purchased CrowdStrike shares between November 29, 2023, and July 29, 2024, may be eligible to participate.

What are the allegations against CrowdStrike?

CrowdStrike is accused of failing to disclose significant information that led to substantial losses for investors.

How can investors get legal assistance?

Kahn Swick & Foti, LLC is available to discuss legal rights and provide support to affected investors.

What should investors do if they have lost money in CrowdStrike?

Investors should consider reaching out to legal professionals to understand their rights and potential claims.

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