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CrowdStrike sued by shareholders over global outage
A faulty update by the cyber-security firm last month caused chaos around the world.
The suit filed in the Austin, Texas federal court, alleges that CrowdStrike executives defrauded investors by making them believe the company's software updates were adequately tested. It cites chief executive George Kurtz, who said in a conference call on 5 March that the firm's software was "validated, tested and certified." Meanwhile, the chief executive of Delta Air Lines, Ed Bastian, has said in an interview with business news channel CNBC that the disruption caused by the outage cost the airline $500m, including lost revenue and compensation to passengers.
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