4 ms·

CrowdStrike accused of defrauding investors in class action lawsuit

• dredmorbius 2y ago
  Or as Matt Levine would have it: everything is securities fraud. I'm finding it interesting that the plaintiff is an institutional investor, the Plymouth County Retirement Association, based in Massachusetts: <https://www.pcr-ma.org/general/page/history-plymouth-county-retirement-association https://www.pcr-ma.org/general/page/history-plymouth-county-...>
  • seanhunter 2y ago
    Big pension funds have a lot of economic clout. THey are amoung the largest institutional investors.
    • dredmorbius 2y ago
      Quite. Clarifying my previous comment: an institutional rather than an activist or fund. Institutional strike me as the most sober-minded of the lot, the other two categories might be more expected. That it is an institutional is IMO significant and speaks to the case's substantiality.
      • seanhunter 2y ago
        Yes 100% agree. They're generally going to be more cautious and less likely to pull the trigger on a frivolous suit hoping for a settlement.