$5 Billion Meltdown: How a Software Glitch Grounded Flights and Triggered Lawsuits
Delta Airlines plans to sue CrowdStrike over a software update that caused a massive IT outage, resulting in $500 million in losses. The outage, which disrupted multiple industries, has already sparked several lawsuits. Despite this, CrowdStrike is likely protected by limitation clauses in their contracts.
Hot Take:
The only thing that flew that day was the legal paperwork! Who knew a little software update could turn vacations into road trips and boardrooms into battlefields?
Key Points:
- A CrowdStrike software update caused a massive IT outage affecting multiple industries.
- The outage resulted in over $5 billion in financial losses.
- Delta Airlines intends to sue CrowdStrike and Microsoft for $500 million.
- Shareholders and small businesses are also gearing up for class-action lawsuits.
- Legal battles will be complicated by limitation clauses in software contracts.
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