CrowdStrike Falls on Report Delta Hired Attorney Over Outage (1)

CrowdStrike Holdings Inc.’s shares fell to their lowest level since December over a report that Delta Air Lines Inc. had hired a prominent attorney following a technology outage that led the carrier to cancel thousands of flights.

CNBC on Monday reported Delta hired attorney David Boies to seek possible compensation from CrowdStrike and Microsoft Corp. No suit has been filed, CNBC reported, without specifying where the information came from.

CrowdStrike said in a statement to Bloomberg that it had no knowledge of a lawsuit and declined further comment. Delta and Boies’ law firm declined to comment, while Microsoft didn’t ...