00:00It's Benzinga, and here's what's on the block.
00:02Delta Airlines CEO Ed Bastian set a massive IT outage earlier this month caused by a software
00:08update from CrowdStrike and Microsoft will cost Delta $500 million.
00:13The outage stranded thousands of customers and forced Delta to cancel over 4,000 flights.
00:18It took Microsoft around five days to manually reset 40,000 servers impacted by the outage
00:23while other airlines recovered faster.
00:25The disruptions are under investigation by the U.S. Department of Transportation.
00:29Delta is seeking damages from CrowdStrike and Microsoft for financial losses as well
00:33as reputational damage to the brand.
00:36Delta has hired lawyer David Boies to pursue damages in the case.
00:39For all things money, visit Benzinga.com.
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