According to Deep Tide TechFlow, on July 7, Portnoy Law Firm announced a class action lawsuit against MicroStrategy (NASDAQ: MSTR; STRK; STRF) on behalf of investors who purchased the company's securities between April 30, 2024, and April 4, 2025. The lawsuit accuses the company of exaggerating the expected profitability of its Bitcoin investment strategy and underestimating the associated risks.
According to previous news, the well-known American law firms Frank R. Cruz and Pomerantz have announced a class action lawsuit against MicroStrategy Incorporated (NASDAQ: MSTR), accusing the company of making misleading statements to investors between April 30, 2024, and April 4, 2025.