CRWD Long-Term Shareholder Alert: Johnson Fistel LLP Investigates the Directors and Officers of CrowdStrike for Breach of Fiduciary Duties

Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of CrowdStrike Holdings, Inc. (NASDAQ: CRWD) breached their fiduciary duties to CRWD and its shareholders.

What can I do? If you are a current CrowdStrike shareholder, you may have legal claims that may be brought on behalf of the company against the directors and officers of CrowdStrike. If you wish to discuss this notice or your legal rights, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

If you have continuously owned CrowdStrike, please review and sign the engagement letter below:

What is this about?  On July 30, 2024, a class action complaint was filed against CrowdStrike alleging that: (1) it instituted deficient controls in its procedures for updating Falcon and was not properly testing updates to Falcon before rolling them out to customers; (2) this inadequate software testing created a substantial risk that an update to Falcon could cause major outages for a significant number of CrowdStrike customers; and (3) such outages could pose, and ultimately created, substantial reputational harm and legal risk to the company.

Johnson Fistel LLP’s investigation seeks to determine whether CrowdStrike’s senior officers or members of its board of directors harmed the company by breaching their fiduciary duties or otherwise violating securities laws in connection with the foregoing alleged conduct.