SAN DIEGO, July 31, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired CrowdStrike Holdings, Inc. (NASDAQ: CRWD) Class A common stock between November 29, 2023 and July 29, 2024. CroudStrike is a global cybersecurity company that provides software that helps prevent data breaches. CrowdStrike's main product is the Falcon software platform, which purportedly uses artificial intelligence and ...

SAN DIEGO, July 31, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of CrowdStrike Holdings, Inc. (NASDAQ: CRWD) Class A common stock between November 29, 2023 and July 29, 2024, inclusive (the "Class Period"), have until September 30, 2024 to seek appointment as lead plaintiff of the CrowdStrike class action lawsuit. Captioned Plymouth County Retirement Association v. CrowdStrike Holdings, Inc., No. 24-cv-00857 (W.D. Tex.), the CrowdStrike class action lawsu ...

The recent CrowdStrike (NASDAQ:CRWD) outage may be bad news for CRWD stock, but it may be a different story for cyber insurance stocks. In other words, shares in property and casualty (P&C) insurance companies that offer cyber insurance products. Cyber insurance policies, as you might have guessed, help businesses manage internet-related risks, including cyberattacks, data breaches, as well as outage incidents like the one listed above. Cyber insurance may make up only a tiny portion of worldwide premium vo ...

NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the "Class") who purchased or acquired the Class A common stock of CrowdStrike Holdings, Inc. ("CrowdStrike") (NASDAQ: CRWD) between November 29, 2023 and July 29, 2024, inclusive (the "Class Period"). For more information, submit a form at CrowdStrike Holdings, Inc. Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco ...

That's according to a report Wednesday (July 31) from Bloomberg News, citing a statement from the airline that also says Delta has hired a law firm as it prepares to seek damages from the outage, which canceled thousands of flights earlier this month. The trouble began with a glitch in a software update by cybersecurity firm CrowdStrike, leading to widespread outages of Microsoft's Windows systems around the world, including at several major corporations, leading to chaos at not only airports but banks and ...

A week ago, CrowdStrike blamed a bug in an update that allowed its cybersecurity systems to push bad data out to millions of customer computers, setting off the global tech outage that grounded flights, took TV broadcasts off air and disrupted banks, hospitals and retailers. Speaking on CNBC, Bastian said on Wednesday that the monetary amount represents lost revenue as well as "the tens of millions of dollars per day in compensation and hotels" for the five-day period. The cybersecurity company also outline ...

After the mass IT outage caused by a CrowdStrike (NASDAQ:CRWD) update earlier this month, the cybersecurity company is facing major risks on multiple fronts. Moreover, the valuation of CrowdStrike stock remains very high. Also importantly, the firm does have multiple, strong competitors. Speaking on CNBC yesterday, Stephanie Link, chief investment strategist and portfolio manager at Hightower, noted that CrowdStrike faces risks when it comes to the prices that it can charge its customers when they renew the ...

These three stocks below show great promise. Investors could pick these stocks up amid the CrowdStrike outage. They offer similar solutions to CrowdStrike, and anyone dissatisfied after the global outage could opt to use their services. As their financial results improve following the outage, investors could see the value of their holdings rise drastically. Fortinet solutions may have been less popular because they are more complex and require more user engagement. However, following the CrowdStrike outage, ...

As such, here are three airline stocks that were unaffected by the CrowdStrike outage and managed to continue their operations with little delay. These are not necessarily buy ratings at this time, but rather examples of more resilient systems. While no stranger to IT outages, Southwest Airlines (NYSE:LUV) managed to escape the chaos of July 19 for one simple reason – it hasn't updated its computer operating systems in decades. That's right, the largest airline in the U.S. by number of passengers carried, a ...

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving securities and investment fraud, our lawyers focus on cases alleging violations of the federal antitrust laws, breaches of ERISA fiduciary duties, wage theft, consumer fraud, and data breaches. Contact information: Marc H. Edelson, Esq. Eric Lechtzin, Esq. EDELSON LECHTZIN LLP 411 S. State Street, Suite N-300 Newtown, PA 18940 Phone: 844-696-7492 Email: medelson@edelson-law.co ...