Pomerantz Law Firm Initiates Class Action Against MicroStrategy Over Securities Violations
Overview of the Class Action Filed Against MicroStrategy
Pomerantz LLP has recently launched a class action lawsuit against MicroStrategy Incorporated, which operates under the name Strategy, as well as certain key officers of the company. This legal action, recorded in the United States District Court for the Eastern District of Virginia, primarily targets shareholders who purchased securities of MicroStrategy between April 30, 2024, and April 4, 2025. The class action aims to address alleged violations of federal securities laws and seeks damages on behalf of investors.
Context of the Lawsuit
The lawsuit aligns with the broader context of MicroStrategy's business operations, particularly its focus on cryptocurrency investments, primarily Bitcoin. Since 2020, MicroStrategy has pivoted to acquiring and retaining Bitcoin as a cornerstone of its business strategy. In October 2023, the company rebranded itself to align more closely with this strategy, even referring to itself as a
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