CrowdStrike shareholders lose battle to recoup losses from 2024 outage
ID: df6abc32-a531-52e9-b029-f41d33765d57
STIX ID: report--df6abc32-a531-52e9-b029-f41d33765d57
Feed Name: The Register (Security)
A federal judge in Texas dismissed a shareholder class action against CrowdStrike over losses tied to its July 2024 outage, ruling plaintiffs did not adequately plead scienter despite two statements being plausibly misleading. The article also notes prior dismissal of passenger claims as preempted by the Airline Deregulation Act and that Delta Air Lines’ separate case against CrowdStrike continues in Georgia after defeating a motion to dismiss.
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