CoreWeave Inc-A(US:CRWV) Prnewswire·2026-01-29 07:15Core Points - The CoreWeave class action lawsuit has been initiated against CoreWeave, Inc. and its executives for alleged violations of the Securities Exchange Act of 1934 during the Class Period from March 28, 2025, to December 15, 2025 [1] - CoreWeave is positioned as an AI cloud computing company and had announced a significant deal worth up to $11.9 billion with OpenAI shortly before its IPO [2] - The lawsuit claims that CoreWeave overstated its ability to meet customer demand and failed to disclose risks associated with reliance on a single third-party data center supplier, which could negatively impact revenue [3] Financial Impact - On October 30, 2025, Core Scientific announced it did not receive enough shareholder votes to approve its merger with CoreWeave, leading to a more than 6% drop in CoreWeave's share price [4] - Following a revenue guidance reduction on November 10, 2025, due to delays from a third-party data center developer, CoreWeave's shares fell over 16% [5] - A December 15, 2025 article revealed further delays in data center delivery, causing an additional 3.4% decline in CoreWeave's share price [6] Legal Process - Investors who purchased CoreWeave securities during the Class Period can seek appointment as lead plaintiff in the class action lawsuit, representing the interests of all class members [7] - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff is not required to share in any potential recovery [8]