CrowdStrike Falls as Delta Reportedly Hires Top Lawyer to Seek Outage Damages

CrowdStrike (CRWD) shares are falling 5% in premarket trading following a CNBC report that Delta Air Lines (DAL) has hired top attorney David Boies to pursue potential damages from the cybersecurity firm as well as Microsoft following the global IT outage on July 19.1 CNBC. “Delta hires David Boies to seek damages from CrowdStrike, Microsoft after outage.” Boies, chairman of Boies Schiller Flexner, represented the U.S. government in its antitrust case against Microsoft and helped secure same-sex marriage rights in California, CNBC noted. The outage of Microsoft's cloud services triggered by a defective update by CrowdStrike led to the cancellation and delay of thousands of flights worldwide, but Delta was the most heavily impacted of the major airlines.