David

Fortune

Delta

Million

Drops

<a href="https://bitcoinworld.co.in/delta-air-lines-to-seek-compensation-after-it-outage-crwd-stock-drops/" title="Delta Air Lines To Seek Compensation After IT Outage, CRWD Stock Drops" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Delta Air Lines has hired prominent attorney David Boies to pursue potential damages from CrowdStrike and Microsoft after the IT outage.</li>
</ul>
Delta Air Lines is <a href="https://www.cnbc.com/2024/07/29/delta-hires-david-boies-to-seek-damages-from-crowdstrike-microsoft-.html" rel="noopener noreferrer nofollow">taking</a> decisive action following a catastrophic IT outage earlier this month that caused widespread disruptions across the airline industry.&nbsp;
The carrier has hired prominent attorney David Boies to pursue potential damages from tech giants CrowdStrike and Microsoft, signaling a significant legal battle ahead.
The move comes as Delta grapples with the financial fallout from the incident, which led to thousands of flight cancellations and left passengers stranded worldwide.
<h3 id="span-style-font-weight-400-delta-seeks-350-million-to-500-million-in-compensation-for-it-outage-span">Delta Seeks $350 Million to $500 Million in Compensation for IT Outage</h3>
On July 19, 2024, a software update from cybersecurity firm CrowdStrike triggered a historic outage of Microsoft systems, affecting millions of computers across various industries. Airlines were particularly hard hit, with Delta experiencing the brunt of the impact.
The outage cost Delta an estimated $350 million to $500 million, prompting the airline to seek compensation for its losses.
Delta has enlisted David Boies, chairman of Boies Schiller Flexner, to spearhead its legal efforts. While no lawsuit has been filed yet, the airline’s intent to pursue damages from both CrowdStrike and Microsoft is clear.&nbsp;
The incident has left Delta dealing with over 176,000 refund or reimbursement requests after nearly 7,000 flight cancellations.
<h3 id="span-style-font-weight-400-crowdstrike-shares-take-a-hit-as-delta-gears-up-for-legal-fight-span">CrowdStrike Shares Take a Hit as Delta Gears Up for Legal Fight</h3>
The news of Delta’s potential legal action has sent ripples through the tech sector. CrowdStrike’s shares fell as much as 5% in extended trading following the announcement.&nbsp;
The cybersecurity firm had already lost almost a quarter of its value in the two trading days following the outage.
This case could set a precedent for other affected companies to seek damages, potentially leading to increased scrutiny of software updates and their impacts across industries.
Insurance startup Parametrix estimated that the incident resulted in a total loss of $5.4 billion for Fortune 500 companies, not including Microsoft itself.&nbsp;
The Department of Transportation has launched an investigation into Delta’s handling of the disruptions, adding another layer of complexity to the situation.

Delta Air Lines To Seek Compensation After IT Outage, CRWD Stock Drops

Mục lục

ItsBitcoinWorld

Các bài viết khác được xuất bản trên 30 thg 7, 2024

BitClout founder ‘Diamondhands’ charged with securities fraud

BitClout Founder Charged with Multi-Million Dollar Crypto Fraud

Why is ETH demand lacking post-Ethereum ETF?

Pepe drops and XRP struggles for closure as investors eye Raboo presale

Joe Biden-Inspired BODEN Meme Coin Down 99% From Its Highs: What Is Going On?

Important Considerations for Listing Your Token on Cryptocurrency Exchanges

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!