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CRWV ALERT: Securities Fraud Lawsuit Could Allow CoreWeave Investors to Recover Losses; Block & Leviton Encourages Shareholders to Contact the Firm
TMX Newsfile· 2026-01-14 20:12
Core Viewpoint - A securities fraud lawsuit has been filed against CoreWeave, Inc. and its executives, with allegations of misleading investors regarding their ability to meet demand and the risks associated with reliance on a single third-party data center supplier [1][3]. Company Overview - CoreWeave is positioned as an AI hyperscale cloud provider, generating nearly all revenue from long-term contracts for AI infrastructure, with revenue recognition contingent upon the operational status of specialized data centers [2]. Financial Performance and Issues - CoreWeave went public at $40 per share following a significant deal with OpenAI, but faced stock price declines due to infrastructure and supplier constraints, as well as lowered revenue guidance linked to data center delays [2][3]. Legal Context - The lawsuit claims that CoreWeave and its executives materially misled investors by overstating demand capabilities and downplaying risks, which became evident through a failed acquisition and subsequent executive admissions [3]. Investor Eligibility - Investors who purchased CoreWeave common stock between March 28, 2025, and December 15, 2025, and experienced a decline in share value may be eligible to participate in the lawsuit [4]. Next Steps for Investors - The deadline for seeking appointment as lead plaintiff is March 13, 2026, and investors are encouraged to contact Block & Leviton for further information [5]. Whistleblower Information - Individuals with non-public information about CoreWeave are encouraged to assist in the investigation, with potential rewards for whistleblowers who provide original information to the SEC [6]. Legal Representation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7].
CRWV ALERT: CoreWeave Sued For Securities Fraud; Investors Who Lost Money Should Contact Block & Leviton to Potentially Recover Losses
Globenewswire· 2026-01-13 16:50
Group 1 - CoreWeave, Inc. is facing a securities fraud lawsuit due to allegations of misleading investors about its ability to meet demand and the risks associated with reliance on a single third-party data center supplier [1][3] - The company went public at $40 per share in March 2025, following a major deal with OpenAI, but has since experienced stock price declines due to infrastructure and supplier constraints [2][3] - The lawsuit claims that CoreWeave's executives overstated demand and downplayed risks, which became evident through a failed acquisition and lowered revenue guidance related to data center delays [3] Group 2 - Investors who purchased CoreWeave common stock between March 28, 2025, and December 15, 2025, may be eligible to participate in the lawsuit, regardless of whether they sold their shares [4] - The deadline to seek appointment as lead plaintiff is March 13, 2026, and a class has not yet been certified [5] - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors [7]