Portnoy Law Firm Announces Class Action on Behalf of CoreWeave, Inc. Investors
LOS ANGELES, Jan. 15, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises CoreWeave, Inc., (“CoreWeave” or the "Company") (NASDAQ: CRWV) investors of a class action on behalf of investors that bought securities between March 28, 2025 and December 15, 2025, inclusive (the “Class Period”). CoreWeave investors have until March 13, 2026 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/coreweave-inc. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
CoreWeave purports to be an AI cloud computing company. On March 10, 2025, less than three weeks before CoreWeave conducted its initial public offering (“IPO”), CoreWeave announced a deal worth up to $11.9 billion to deliver AI infrastructure to OpenAI, a leading AI company, the complaint alleges. And on July 7, 2025, CoreWeave allegedly announced a definitive agreement to acquire Core Scientific, Inc., one of the largest owners and operators of digital infrastructure for high performance computing in North America, in an all-stock transaction.
The CoreWeave class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants had overstated CoreWeave’s ability to meet customer demand for its service; (ii) defendants materially understated the scope and severity of the risk that CoreWeave’s reliance on a single third-party data center supplier presented for CoreWeave’s ability to meet customer demand for its services; and (iii) the foregoing was reasonably likely to have a material negative impact on CoreWeave’s revenue.
The CoreWeave class action lawsuit alleges that on October 30, 2025 Core Scientific announced it had not received enough shareholder votes to approve its merger agreement with CoreWeave and, as a result, terminated the merger agreement. On this news, the price of CoreWeave shares fell by more than 6%, the complaint alleges.
Then, the CoreWeave shareholder class action alleges that on November 10, 2025, CoreWeave announced lowered revenue guidance for 2025, citing “delays related to a third-party data center developer who is behind schedule.” Subsequently, on November 11, 2025 during an interview on CNBC’s “Squawk on the Street,” after host Jim Cramer challenged the initial characterization of the delays at issue, CoreWeave’s CEO, defendant Michael Intrator, conceded that the delays implicated not just one data center, but a single data center provider – i.e., that more than one data center owned by the same provider was potentially affected, the complaint alleges. On this news, the price of CoreWeave’s shares fell more than 16%.
Finally, on December 15, 2025, the CoreWeave investor class action lawsuit alleges that The Wall Street Journal published an article reporting new information concerning the data center provider delays, revealing that the scope and severity of data center delivery issues were greater than defendants acknowledged. Specifically, the article allegedly revealed that weather-related delays would push back the completion date of a Denton, Texas data center cluster intended for OpenAI by several months, that other data centers would be delayed due to revised design plans, that Core Scientific was CoreWeave’s building partner behind the delayed data centers, and that Core Scientific began flagging these delays nine months before CoreWeave announced lowered revenue guidance in November 2025. On this news, the price of CoreWeave shares fell an additional 3.4%, the complaint alleges.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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