- CoreWeave, Inc. (NASDAQ:CRWV) is accused of making false and misleading statements about its operations and its ability to meet customer demand.
- The lawsuit covers the period between March 28, 2025, and December 15, 2025, focusing on the failed acquisition of Core Scientific and delays in data center operations.
- Despite legal challenges, CoreWeave’s stock price has shown resilience, with a current price of $96.04, reflecting a slight increase.
CoreWeave, Inc. (NASDAQ:CRWV) is currently embroiled in a class action lawsuit led by the Schall Law Firm. The lawsuit accuses CoreWeave of violating sections 10(b) and 20(a) of the Securities Exchange Act of 1934, along with Rule 10b-5. These allegations stem from claims that the company made false and misleading statements about its operations, particularly regarding its ability to meet customer demand and its reliance on a single third-party vendor for data centers.
The lawsuit targets investors who purchased CoreWeave’s securities between March 28, 2025, and December 15, 2025. It highlights CoreWeave’s failed acquisition of Core Scientific and delays in bringing data centers online, which were not disclosed to investors. These issues, along with media reports, eventually revealed the truth about the company’s operations, leading to financial damages for investors. The Schall Law Firm is urging affected shareholders to contact them before March 13, 2026, to discuss their rights and potentially join the lawsuit.
In the midst of these legal challenges, Michael N. Intrator, CoreWeave’s director, 10 percent owner, CEO, and President, executed two sale transactions on February 11, 2026. He sold 1,614 shares of Class A Common Stock at approximately $89.29 each and 1,259 shares at approximately $90.14 each. Despite these sales, Intrator still holds a significant stake in the company, with 5,793,450 shares remaining in his possession.
CoreWeave’s stock is currently priced at $96.04, reflecting a slight increase of $0.34 or 0.36%. The stock has experienced fluctuations today, with a low of $91 and a high of $100.69. Over the past year, CRWV has seen a high of $187 and a low of $33.52. The company’s market capitalization is approximately $47.86 billion, and today’s trading volume is 23.12 million shares.
