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 ...

Understanding the fundamentals of companies is crucial when evaluating stocks to buy. These stocks remain undervalued and are industry leaders with strong growth potential, positioning them to significantly drive the market higher post-earnings season. To begin with, the first company excels in cybersecurity with an AI-driven, modular platform that offers significant cost savings and rapid threat detection. This solid technological differentiation ensures its market leadership and makes it a sharp investmen ...

How much is its mistake going to cost before all is said and done? Who is going to pay Delta's bill? According to CNBC, Delta just hired prominent attorney David Boies, which suggests that it may be considering a lawsuit against CrowdStrike. The cost of the outage for Delta alone is estimated to be up to $500 million. There are legitimate reasons for investors to be concerned about future growth for CrowdStrike. While business has been booming, the company may have suffered some reputational damage because ...

CrowdStrike is a Texas-based cybersecurity company that develops software to help other companies recognize and block hacks. CrowdStrike's Falcon software is widely used by Fortune 500 companies in industries ranging from banking to the airline industry. Many of these companies have CrowdStrike software installed on their Windows machines to protect the organization from malware and cybersecurity threats. Delta (DAL) Delta took a huge hit by the outage because nearly half of its IT systems are Windows-based ...