CrowdStrike shareholders sue over global outage, say company concealed info - National | Globalnews.ca - eviltoast
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.
  • HauntedCupcake@lemmy.worldEnglish
    151·
    3 months ago

    If the CEO was lying to the investors that’s akin to being lied to about the odds of a slot machine. It should totally be prosecutable.

    At the same time I don’t feel sorry for them, and think they should be last in line after all the other victims

    • NotMyOldRedditName@lemmy.worldEnglish
      1·
      3 months ago

      I was under the impression investors would be behind the 3rd parties hurt by this? Is that not how things work?

      Also, retail investors are usually on the bottom behind institutional investors who can afford to big lawyers.