Charleston, South Carolina, July 26, 2024 (GLOBE NEWSWIRE) -- Poulin Willey Anastopoulo LLC is investigating potential claims on behalf of purchasers of CrowdStrike Holdings, Inc. (“CrowdStrike” or “Company”). Investors who purchased the securities of CrowdStrike (NASDAQ:CRWD) are encouraged to contact us concerning their investment losses and any additional information they may have about CrowdStrike that may aid in the investigation. The investigation concerns whether CrowdStrike and its officers and/or directors have violated the federal securities laws.
According to publicly available information, in the early morning hours of July 19, 2024, the Company pushed out a software update that was the root of the cause of the chaotic massive tech disruption across the world that hit airlines, banks, businesses, schools, and government, along with some health and emergency services. Specifically, it concerned a software update for Windows operating system issued by CrowdStrike. According to CNN, one expert said it could be the “largest IT outage in history.”
On July 18, 2024, CrowdStrike stock closed at $343.05 per/share on trading of 4.55 million shares. After the bad news hit early in the day on July 19, 2024, the stock dropped to $304.96 per/share on volume of 42.1 million shares, a drop of $38.09 per/share or over 11% from the July 18 close, the day before CrowdStrike’s software caused the massive outages. The next trading day on July 22, 2024, the stock continued to get pounded, closing at $263.91 per/share on volume of 49.6 million or a per-share drop of over 13% from the previous close on July 19, 2024. Throughout the two-day fallout, CrowdStrike’s stock went from $343.05 per/share on July 18 to fall to $263.91 per/share at the close of the market on July 22, 2024. That’s a drop of $79.14 per/share or almost 25%. Investors have lost billions.
Investors who purchased or otherwise acquired shares of CrowdStrike should contact the Firm in the immediate future to discuss your rights as a purchaser and/or owner of CrowdStrike shares. If you wish to discuss your rights or interests regarding this potential securities class action, please contact Ahmad Jackson at 803-222-222 or via e-mail at ahmad.jackson@poulinwilley.com.
Any additional questions may be directed to Stuart J. Guber, Esq, at stuart.guber@poulinwilley.com, the Firm’s Director of Shareholder Services and Securities
Litigation, with almost 35 years of experience representing public pension funds, Taft-Hartley union pension plans and health & welfare funds, and high net-worth investors and other individuals in securities class actions and opt-out litigation.
Poulin | Willey | Anastopoulo has offices in Florence, Charleston, Ladson, Columbia, Greenville, Lexington, Myrtle Beach, Rock Hill, and Hampton, South Carolina. Charlotte and Lumberton, North Carolina. Atlanta, Albany, Athens, Augusta, Columbus and Macon in Georgia.
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Contact: Stuart J. Guber, Director of Shareholder Services and Securities Litigation Email: stuart.guber@poulinwilley.com
