Technology Class action Class action lawyers target Atlassian, seek to cash in on AI pain Tess BennettTechnology reporter Mar 30, 2026 – 3.14pm Under-pressure software giant Atlassian faces a potential US shareholder class action as law firms try to recruit disgruntled investors who lost money when the Sydney-based firm’s shares fell sharply in the dramatic sell-off of software-as-a-service stocks over artificial intelligence fears. Shares in the company have fallen nearly 70 per cent over the past year on concerns that the rise of AI-powered coding tools will lead to fewer software developers using Atlassian’s products and that its software could be easily cloned by users with little technical skill. Loading… or Subscribe to save article EmailLinkedInTwitterFacebook Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? License article Introducing your Newsfeed Follow the topics, people and companies that matter to you. Find out more Read More Class action Atlassian Mike Cannon-Brookes AI Software Latest In Technology Fetching latest articles Most Viewed In Technology ###END###

Atlassian faces potential US shareholder class action amid AI fears and stock slump
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