Delta Air Lines on Friday sued cybersecurity firm CrowdStrike in a Georgia state court after a global outage in July caused ...

Delta Air Lines is suing the cybersecurity firm that has been blamed for causing a global technology outage this summer.

Delta is seeking damages for its losses from the July IT incident, as well as litigation costs and punitive damages.

Distributor Carahsoft placed an order with CrowdStrike for software intended for the tax agency. But the IRS didn’t end up ...

The July 19 incident led to worldwide flight cancellations and hit industries around the globe including banks, health care, ...

The airline is alleging gross negligence by the cybersecurity firm. CrowdStrike said Delta is attempting to shift the blame ...

Carahsoft Technology is paying Crowdstrike (CRWD) for a $32M contract even though the Internal Revenue Service never bought the identity threat ...

While Delta did not specify an amount that it is seeking from the company, court documents show the airline lost $500 million ...

Delta Airlines is taking civil action against Crowdstrike for the July IT outage that grounded flights and left thousands ...

CrowdStrike faces increased customer churn, elevated costs and potential legal liabilities as a result of the July IT incident. As a result, CrowdStrike's growth and margins will come under ...

CrowdStrike's growth has been spectacular, and investors have rewarded the stock with a premium valuation. All that could have been undone by a recent software defect and the huge outage it caused.

CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million.