Investors in CrowdStrike have filed a lawsuit against the company over alleged false claims, days after the global tech outage. The lawsuit holds the company responsible for “false and misleading” statements about the readiness of its software. It quotes chief executive George Kurtz, who assured the shareholders on March 5, 2024, that the system was “validated, tested, and certified.” The suit, filed in Austin, Texas, demands unspecified compensation for all investors who had stakes in the company between November 29 and July 29. The share price of the firm dropped by 32% since the Microsoft global outage, causing a loss of $25 billion in the market. CrowdStrike has denied all allegations and will fight the investors in court to prove its case. On July 19, a flawed software update cashed over 8.5 million Microsoft computers, as the cybersecurity company failed to protect the system against a cyber attack.