delta Prominent attorney David Boies has been hired to seek damages mass strike and Microsoft A power outage this month crashed millions of computers and canceled thousands of flights.
CrowdStrike shares fell 5% in after-hours trading on Monday after CNBC’s Phil Lebeau reported that Delta Air Lines hired Boies, chairman of Schiller Flexner. Little has changed at Microsoft.
On July 19, a software update for CrowdStrike caused a historic failure of Microsoft systems, paralyzing many industries. Airlines have been particularly hard hit, with the U.S. Transportation Department last week saying it was investigating Delta Air Lines, which suffered massive flight disruptions and service failures.
CrowdStrike lost nearly a quarter of its market value in two trading sessions amid concerns about the company’s business following the incident.
Although a lawsuit has not yet been filed, Delta plans to seek compensation from Microsoft and CrowdStrike, Lebeau reported. Delta Air Lines has not responded to a request for comment.
The outage cost Delta between $350 million and $500 million. Delta Air Lines is processing more than 176,000 refund or reimbursement requests after nearly 7,000 flight cancellations.
Boycein represent The U.S. government launched a landmark antitrust lawsuit against Microsoft and helped win a ruling that overturned California’s same-sex marriage ban. He has also worked with disgraced Hollywood mogul Harvey Weinstein and Theranos founder Elizabeth Holmes, who is currently serving time in prison for defrauding investors.
Insurance startup Parametrix estimated The CrowdStrike incident cost Fortune 500 companies a total of $5.4 billion, not including Microsoft.
watch: Potential Delta lawsuit not top of mind for Microsoft investors
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