CrowdStrike accused of defrauding investors in class action lawsuit

theguardian.com

4 pointsseanhunter4 comments

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-...>

Big pension funds have a lot of economic clout. THey are amoung the largest institutional investors.

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.

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.

Reply on news.ycombinator.com