Portnoy Law Firm Announces Class Action Lawsuit Against MicroStrategy

On July 7, Portnoy Law Firm announced a class action lawsuit against MicroStrategy (Nasdaq: MSTR; STRK; STRF), representing investors who purchased the company's securities between April 30, 2024, and April 4, 2025. The lawsuit alleges that the company exaggerated the expected profitability of its Bitcoin investment strategy and underestimated the associated risks. Prior to this news, well-known U.S. law firms Frank R. Cruz and Pomerantz announced that they had filed class action lawsuits against MicroStrategy Incorporated (Nasdaq: MSTR), both alleging that the company issued misleading statements to investors between April 30, 2024, and April 4, 2025. [Deep Tide TechFlow]