Core Viewpoint - A class action lawsuit has been filed against CoreWeave, Inc. and its executives, alleging that they misled investors about the company's ability to scale its AI infrastructure and meet revenue guidance [1][4] Allegations of Misrepresentation - The lawsuit claims that CoreWeave overstated its capacity to meet customer demand while downplaying operational risks associated with reliance on a single third-party data center supplier [2][8] - Significant delays at the Denton, Texas data center were concealed, with completion pushed back by several months due to construction hurdles, contradicting management's claims of "rapid scaling" [8] Financial Impact - Following the revelation of these delays, CoreWeave's market capitalization fell by approximately $14 billion, with a notable 16% drop in stock price on November 11 after the company lowered its guidance [2][8] - The lawsuit highlights that the company's ability to recognize revenue from its multibillion-dollar backlog was dependent on infrastructure that was reportedly not on track for timely completion [8] Legal Proceedings - Hagens Berman is actively advising investors who purchased CoreWeave shares during the class period from March 28, 2025, to December 15, 2025, and suffered losses [5] - The deadline for lead plaintiff submissions is set for March 13, 2026 [6]
INVESTOR ALERT: CoreWeave, Inc. (CRWV) Investors with Substantial Losses Have Opportunity to Lead the CoreWeave Class Action Lawsuit - Hagens Berman