CrowdStrike accused of defrauding investors in class action lawsuit

Company says it will vigorously defend claim by pension fund that its stock price was kept artificially high

CrowdStrike, the cybersecurity company behind July’s mass computer outage around the world, has been issued with an investor lawsuit accusing it of defrauding investors.

The class action suit, filed in Texas by Plymouth County Retirement Association, a pension fund, argues that CrowdStrike misled investors by attesting that the company’s technology was “validated, tested and certified”. In fact, the investors say, CrowdStrike’s software was no such thing.