Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure.
Summary
Companies
Shareholders say Microsoft concealed need to spend, divert resources
Proposed class action ends when Microsoft issued Q2 results in January
About $357 billion market value wiped out in one day
Microsoft not available for comment
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Source: Reuters | Published: 2026-06-15T15:33:19Z
Credit: Reuters
