CoreWeave Faces Securities Fraud Class Action After Stock Plunge

Reuters02-13 20:07

CoreWeave Faces Securities Fraud Class Action After Stock Plunge

A class action lawsuit has been filed against CoreWeave Inc. and certain senior executives, alleging securities fraud related to significant stock drops after reports of delays in major data center projects. The complaint claims violations of federal securities laws, specifically Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The litigation follows news that completion of a large data center cluster in Denton, Texas, to be leased by OpenAI, was delayed, along with additional setbacks flagged by Core Scientific at other sites. The delays led to a drop in CoreWeave’s stock price. Investors have until March 13, 2026, to seek appointment as lead plaintiff in the case, which is pending in the U.S. District Court for the District of New Jersey under the case name Masaitis v. CoreWeave, Inc., et al.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoreWeave Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9654086) on February 13, 2026, and is solely responsible for the information contained therein.

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