The law firm Frank R. Cruz in the United States has filed a parallel lawsuit against MicroStrategy.

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CoinVoice has recently learned that 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 from April 30, 2024, to April 4, 2025. The lawsuit claims that MicroStrategy exaggerated the expected benefits of its "Bitcoin reserve company" strategy while underestimating the risks posed by Bitcoin price fluctuations, especially the potential losses that may arise after adopting the new accounting standard ASU 2023-08.

Recently, it has been learned that the lawsuit by Pomerantz law firm has been filed in the Federal District Court for the Eastern District of Virginia (Case No. 25-cv-00861), explicitly stating that on April 7, 2025, the company disclosed an unrealized loss of approximately $5.9 billion due to the depreciation of Bitcoin in the first quarter, resulting in an 8.67% drop in the stock price on that day. Both law firms have set July 15, 2025, as the deadline for investors to apply to become lead plaintiffs, and affected investors can contact the relevant law firms to understand their legal rights.

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