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Technology@lemmy.worldEnglish · 4 months ago

CrowdStrike shareholders sue over global outage, say company concealed info - National | Globalnews.ca

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CrowdStrike shareholders sue over global outage, say company concealed info - National | Globalnews.ca

Xatolos@reddthat.com to

Technology@lemmy.worldEnglish · 4 months ago

The lawsuit says CrowdStrike's share price fell 32% in 12 days, wiping out US$25 billion of market value, as the outage's effects became known.

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chaospatterns@lemmy.world
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4 months ago
Yes fiduciary duty to the shareholder is sometimes misunderstood but this is in scope.

Everything can be securities fraud:

https://archive.is/p2YHV

Or:

https://www.bloomberg.com/opinion/articles/2019-06-26/everything-everywhere-is-securities-fraud
- Kairos
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