Class Action Lawsuit Filed Against Strategy and Michael Saylor
- Pomerantz LLP filed a class action lawsuit against Strategy, formerly MicroStrategy, and its founder, Michael Saylor.
- The lawsuit covers individuals who acquired Strategy securities between April 30, 2024, and April 4, 2025.
- Allegations include false and misleading statements about the company’s profitability and risks related to bitcoin volatility.
- Strategy reported an unrealized loss of $5.91 billion to the SEC after adopting new accounting methods.
- The company holds 568,840 BTC valued at over $59.8 billion.
Pomerantz LLP has initiated legal proceedings against Strategy for allegedly issuing false statements regarding its financial health and risk exposure during a specified period. The firm disclosed significant losses following an accounting method change while maintaining substantial bitcoin holdings.
Source (2.6)https://dailyhodl.com/2025/05/19/michael-saylor-hit-with-class-action-lawsuit-for-allegedly-violating-securities-laws-and-issuing-false-and-misleading-statements/?rand=59076
