|
Business
|
Delta Air Lines Seeks Damages Over Software Outage
2024-07-31 23:55:08
Business
Technology

Delta Air Lines Seeks Damages Over Software Outage

Image courtesy of : AFP (MARIO TAMA)

Delta Air Lines is pursuing damages from CrowdStrike and Microsoft following a software outage that led to 6,000 flight cancellations, resulting in a $500 million loss. Despite hiring lawyer David Boies, recovering compensation may be challenging due to liability-limiting terms.

The FTC could impose fines, but individual customers may not receive damages. Delta CEO Ed Bastian aims to protect shareholders, customers, and employees from reputational harm.

CrowdStrike faces a lawsuit for a faulty update causing global outages, with potential for more legal actions. The lawsuit alleges false statements, deficient controls, and a bug leading to stock price drop.

Delta's legal battle involves various experts and legal challenges that could impact the airline's recovery efforts.

Related news on that topic:

Delta Air Lines Pursues Compensation From CrowdStrike and ... IT Outage

Delta Air Lines is taking legal action to seek compensation from CrowdStrike and Microsoft following a global IT outage. The disruption, caused by a CrowdStrike program update affecting Microsoft Windows devices, led to flight cancellations, affecting thousands of passengers and costing the airline hundreds of millions of dollars. Delta's move could set a precedent for other companies seeking financial redress for similar incidents. CrowdStrike, while not offering financial help, aims to prevent future recurrences and provide advice. Government authorities are urging transparency, with Delta Air Lines potentially facing costs of up to $500 million due to the tech outage.

CrowdStrike Faces Class Action Lawsuit Over Investor Fraud ... Allegations

CrowdStrike, a cybersecurity firm, is embroiled in a class action lawsuit for alleged investor fraud related to misrepresentations of software functionality. The lawsuit stemmed from a software outage that cost Delta Air Lines $500 million, the Fortune 500 $5 billion, and prompted the offering of blocked $10 Uber vouchers. Delta CEO seeks to recoup losses from the outage. Despite CrowdStrike's market leadership and strong financials, the stock plummeted by 30%, signaling potential challenges in regaining investor trust. The company's high valuation and recent software issues have raised concerns among stock advisors. In contrast, Apple's security measures are highlighted for their ability to prevent catastrophic failures like the one experienced by Microsoft-powered Delta systems during the CrowdStrike outage.

Read 7 more recent news on this topic

The press radar on this topic:

World - South China Morning Post
30. Juli 2024 um 13:12

Delta Air Lines hires lawyer to seek damages from CrowdStrike, Microsoft over software outage | South China Morning Post

Economy
Technology
Delta Air Lines hired lawyer David Boies to seek damages from CrowdStrike and Microsoft over a software outage that forced 6,000 flight cancellations. However, experts say Delta may struggle to recover compensation due to CrowdStrike's liability-limiting terms. The FTC could impose fines, but individual customers are unlikely to receive damages. Lawyers from Boies Schiller Flexner, the chair of Woods Rogers' Cybersecurity & Data Privacy practice, and analysts from Dell'Oro Group and UCLA weighed..
The Street
6. August 2024 um 19:45

What the CrowdStrike outage cost Delta TheStreet Daily Newsletter

Economy
Technology
Finance
Delta Airlines suffered $500 million in losses from a computer meltdown caused by faulty CrowdStrike and Microsoft software upgrades, forcing cancellation of over 6,000 flights; Delta has hired attorney David Boies to recoup losses and paid tens of millions in hotel vouchers; the report comes amid signs of labor market slowdown and the Federal Reserve holding interest rates steady; Delta CEO Ed Bastian is seeking to protect shareholders, customers, and employees from the reputational damage.
Yahoo News
31. Juli 2024 um 20:01

Delta CEO lashes out at CrowdStrike: This cost us $500 million and they offered us nothing

Economy
Technology
Finance
Delta CEO blasts CrowdStrike, Microsoft over $500M outage; airline seeks compensation as US Olympics sponsor with NBC broadcast rights.
Yahoo News
31. Juli 2024 um 16:29

CrowdStrike sued after update caused global outages, likely more to come

Economy
Technology
Finance
CrowdStrike, a cybersecurity firm, faces a lawsuit from the Plymouth County Retirement Association alleging false statements to inflate its stock price. Judge Pitman will preside. The lawsuit claims CrowdStrike's Falcon Sensor had deficient controls, leading to a July 19 bug causing global outages. CrowdStrike's CEO testified to Congress, and Delta sued. The bug stemmed from an error in CrowdStrike's Content Validator program, which automatically deployed the update based on trust in checks pe..
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact