$CRWV Stock Decline: CoreWeave, Inc. Investors Notified of Securities Class Action After Significant 16% Stock Drop - Contact BFA Law before March 13 Deadline
CoreWeave Inc-ACoreWeave Inc-A(US:CRWV) TMX Newsfile·2026-02-26 20:18

Core Points - A class action lawsuit has been filed against CoreWeave, Inc. and certain senior executives for securities fraud following significant stock drops due to potential violations of federal securities laws [1][3] - Investors have until March 13, 2026, to request to lead the case in the U.S. District Court for the District of New Jersey [3] 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, including a merger agreement with Core Scientific announced on July 7, 2025 [4] Allegations of Misconduct - The lawsuit claims CoreWeave misrepresented its ability to meet customer demand and concealed significant construction delays at its data centers [5][13] - CoreWeave assured investors of its capability to capitalize on high demand and rapidly scale operations, which is alleged to be overstated [5] Stock Performance and Impact - On October 30, 2025, CoreWeave's stock dropped by $8.87 (over 6%) after the merger with Core Scientific was terminated due to insufficient shareholder votes [6] - Following a revenue guidance reduction on November 10, 2025, the stock fell by $17.22 (over 16%) [7] - A report on December 15, 2025, regarding delays in a data center project led to an additional stock drop of $2.85 (over 3%) [8]