CRWV COURT DEADLINE: CoreWeave, Inc. Sued for Securities Fraud, BFA Law Notifies Investors with Losses to Inquire About Their Rights by March 13 Deadline
CoreWeave Inc-ACoreWeave Inc-A(US:CRWV) TMX Newsfile·2026-01-25 12:16

Core Viewpoint - A class action lawsuit has been filed against CoreWeave, Inc. and its senior executives for securities fraud following significant stock drops attributed to potential violations of federal securities laws [1]. Company Overview - CoreWeave is an AI-focused cloud computing company that operates data centers providing high-performance GPU infrastructure [4]. - The company relies on partnerships, notably with Core Scientific, to develop its data centers and support its AI computing operations [4]. Legal Proceedings - Investors have until March 13, 2026, to request to lead the case in the U.S. District Court for the District of New Jersey, under the caption Masaitis v. CoreWeave, Inc., et al., No. 2:26-cv-00355 [3]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of CoreWeave investors [3]. Stock Performance and Issues - CoreWeave's stock dropped significantly due to various announcements: - On October 30, 2025, the stock fell by $8.87 (over 6%) from $139.93 to $131.06 after Core Scientific failed to secure enough shareholder votes for a merger [6]. - On November 10, 2025, the company lowered its guidance for revenue and other metrics, leading to a drop of $17.22 (over 16%) from $105.61 to $88.39 [7]. - On December 15, 2025, reports of delays in a major data center project caused the stock to drop by $2.85 (over 3%) from $72.35 to $69.50 [8]. Company Claims and Investor Communication - CoreWeave had previously assured investors of its capability to meet high demand and rapidly scale operations, which is now alleged to be overstated due to concealed construction delays [5]. - Investors are encouraged to seek legal options and submit their information to the law firm representing the class action [9].