Globenewswire·2026-01-23 23:00Core Points - The lawsuit has been filed on behalf of investors who purchased Coreweave securities between March 28, 2025, and December 15, 2025, alleging that the company overstated its ability to meet customer demand and understated risks associated with reliance on a single third-party data center supplier [4] - Coreweave's share price experienced significant declines following announcements related to a failed merger with Core Scientific, a lowered financial guidance due to delays, and reports of further delays in data center completion [5][6][7] Legal Context - Investors have until March 13, 2026, to apply to be appointed as lead plaintiff in the class action lawsuit, which allows them to oversee litigation and influence key decisions [2] - The lawsuit claims that the company's misrepresentations were likely to have a material negative impact on its revenues [4] Financial Impact - Following the announcement of the merger termination, Coreweave shares dropped by $7.39, approximately 5.5%, from $133.71 to $126.32 [5] - After the third-quarter financial results were released, shares fell by $17.22, or about 16.3%, from $105.61 to $88.39 [6] - A report on delays in data center completion led to a further decline of $6.24, or approximately 7.9%, from $78.59 to $72.35 [7]