Law Offices of Howard G. Smith Encourages CoreWeave, Inc. (CRWV) Shareholders To Inquire About Securities Fraud Class Action
CoreWeave Inc-ACoreWeave Inc-A(US:CRWV) Businesswire·2026-01-15 18:30

Core Viewpoint - A class action lawsuit has been filed against CoreWeave, Inc. for allegedly misleading investors regarding its business operations and financial prospects during the class period from March 28, 2025, to December 15, 2025 [1] Company Developments - On July 7, 2025, CoreWeave announced an agreement to acquire Core Scientific to enhance operational efficiency and support future expansion [3] - The merger was terminated on October 30, 2025, after Core Scientific failed to secure enough shareholder votes for approval [3] - Following the merger news, CoreWeave's stock price dropped by $8.87, or 6.3%, closing at $131.06 per share [4] - On November 10, 2025, CoreWeave lowered its revenue guidance for 2025 due to delays from a third-party data center developer [4] - The CEO later revealed that multiple data centers were affected by the delays, not just a single one [4] - On November 11, 2025, the stock price fell by $17.22, or 16.3%, closing at $88.39 per share [5] - On December 15, 2025, it was reported that Core Scientific was the partner behind the delayed data centers, which had been flagged for delays nine months prior [5] - Following this news, CoreWeave's stock price fell by $2.85, or 3.9%, closing at $69.50 per share [6] Allegations in the Lawsuit - The lawsuit alleges that CoreWeave made materially false and misleading statements and failed to disclose adverse facts about its business and operations [7] - Specific allegations include overstating the company's ability to meet customer demand and understating the risks associated with reliance on a single third-party data center supplier [7] - The lawsuit claims that these misrepresentations were likely to have a material negative impact on the company's revenue and that positive statements made by the company lacked a reasonable basis [7]