Investor Lawsuit Over CrowdStrike Outage Dismissed
A federal judge in Austin, Texas, has dismissed a major securities class action lawsuit against CrowdStrike over the highly disruptive outage caused by a software update in July 2024. Millions of Windows devices worldwide crashed after the cybersecurity giant pushed an insufficiently tested update to endpoints running its software. The incident led to severe disruptions at airports, banks, media outlets, and hospitals. Just days after the incident, CrowdStrike investors announced plans to file a securities…
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