CoreWeave Investors Alerted to Lawsuit
The law firm Robbins Geller Rudman & Dowd LLP announced that investors who purchased CoreWeave, Inc. (NASDAQ: CRWV) securities between March 28, 2025, and December 15, 2025, have an opportunity to lead a securities class action lawsuit. The deadline for investors to file a motion is March 13, 2026.
- The lawsuit alleges that CoreWeave made false or misleading statements by overstating its capacity to meet customer demand for its AI cloud computing services. - A key allegation is that the company failed to disclose the significant risks associated with its reliance on a single third-party data center supplier. - The legal action follows a series of events in late 2025, including the termination of a proposed merger with digital infrastructure company Core Scientific on October 30, 2025, which caused the stock to drop by over 6%. - On November 10, 2025, CoreWeave lowered its revenue guidance for 2025, citing "temporary delays" from a third-party data center developer, leading to a more than 16% fall in its share price. - A subsequent Wall Street Journal report on December 15, 2025, revealed that the data center delays were more severe than previously acknowledged, with one project for a major client, OpenAI, being pushed back by several months. - The class action lawsuit was filed in the U.S. District Court for the District of New Jersey and is captioned Masaitis v. CoreWeave, Inc. - CoreWeave had conducted its initial public offering (IPO) on March 28, 2025, just before the start of the class period. - Prior to the negative disclosures, CoreWeave had reported a contracted revenue backlog of over $55 billion as of September 30, 2025.
