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SEC Walks Away From SolarWinds Data Breach Case

A logo sign of the word SolarWinds on the outside of the building headquarters

By Jessica Corso

The U.S. Securities and Exchange Commission announced Thursday that it was voluntarily dismissing a lawsuit accusing software developer SolarWinds Corp. and its chief information security officer of failing to warn investors about lax cybersecurity standards prior to suffering a massive data breach.


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Top Stories
  • An A and the word Abbott appear on a sign
    2 Firms Guide Abbott's $23B Deal With Cologuard Maker

    By Al Barbarino

    Wachtell Lipton Rosen & Katz and Skadden Arps Slate Meagher & Flom LLP are steering Abbott's planned $23 billion...(read more)

  • A dark wood gavel rests on a stack of U.S. one-hundred-dollar bills on a wooden table. In the blurred background, the golden scales of justice are visible.
    Pillsbury Asks 2nd Circ. To Guard $4M Client Fee From SEC

    By Aaron Keller

    Pillsbury Winthrop Shaw Pittman LLP on Wednesday urged the Second Circuit to allow it to keep a $4 million advan...(read more)

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  • Pharma Cos. Seek Early Win In States' Price-Fixing Lawsuit

    By Aaron Keller

    A collection of states failed to prove an overarching conspiracy among 25 separate pharmaceutical companies to fix the prices of generic drugs, most of them dermatology formulations, the drugmakers argued Wednesday in support of a bid for an early win on one element of dozens of antitrust claims.

  • Conn. Faces Tough 2nd Circ. In 3M PFAS Enforcement Dispute

    By Juan-Carlos Rodriguez

    A Second Circuit panel on Thursday appeared receptive to 3M's argument that Connecticut's state lawsuit accusing it of polluting the environment with forever chemicals contained in consumer products actually belongs in federal court, where a similar lawsuit against the company is playing out.

  • FCC Rescinds Contested Biden-Era Cybersecurity Ruling

    By Christopher Cole

    The Federal Communications Commission on Thursday reversed a ruling made late in the Biden administration that required new steps from telecoms to beef up cybersecurity, even as an FCC Democrat decried the move as gutting the agency's response to the Salt Typhoon cyberattack.

  • Meta Loss Shows Time Not On Enforcers' Side In Tech Cases

    By Bryan Koenig

    Meta's triumph over a Federal Trade Commission antitrust case Tuesday hinged on a D.C. federal judge's finding that the company lacks a monopoly in the present day, highlighting some of the challenges of using slow-moving litigation to challenge fast-moving markets.

  • Ramey Ordered To Pay $95K For Sharing Netflix Info

    By Elliot Weld

    A California federal judge has ordered patent firm Ramey LLP and its founder to pay Netflix $95,000 in attorney fees for violating a court protective order by sharing confidential documents with a third-party litigation funder.

  • Senate Panel OKs Miss. Judge, US Atty Nominees After Delay

    By Courtney Bublé

    After weeks of holdup, nominees for Mississippi federal courts and U.S. attorneys were voted out of committee on Thursday, following an impasse between Republican senators.

  • Law Firms Begin Upping The Ante For Associate Bonuses

    By Tracey Read

    Trial boutique Wilkinson Stekloff LLP is exceeding the year-end associate bonus scale set by Cravath Swaine & Moore LLP, announcing bonuses late Wednesday that are 150% of market.

  • Ex-SDNY Chief Rejects Claim Of Broken FTX Plea Promise

    By Pete Brush

    Former interim Manhattan U.S. Attorney Danielle Sassoon told a federal judge Thursday that she never promised crypto lobbyist Michelle Bond any kind of no-prosecute deal as the government negotiated a guilty plea with Bond's husband, former FTX executive Ryan Salame.

  • 29 AGs Want Social Media Addiction Fight Decided In 1 Trial

    By Dorothy Atkins

    A coalition of 29 state attorneys general Wednesday urged a California federal judge presiding over social-media addiction multidistrict litigation to consolidate state law claims into a single jury trial, while Meta's counsel argued that there's no case law precedent for such a single trial and it would be prejudicial.

  • Charlie Javice's Redo Bid Says Clerks Had Davis Polk Conflict

    By Lauren Berg

    Charlie Javice, who faces a seven-year sentence for conning JPMorgan Chase & Co. into buying her college financial aid startup Frank, asked a Manhattan federal judge Wednesday for a new trial, arguing that two clerks who worked on the trial had accepted jobs with the bank's firm Davis Polk & Wardwell LLP.

  • Anthropic Judge Says Deal Notices Downplay Opt-Out Avenue

    By Elliot Weld

    A California federal judge has ordered changes to the notice emails being sent to members of a class of writers who secured a $1.5 billion settlement of copyright infringement claims against artificial intelligence firm Anthropic, saying the current wording does not give "equal dignity" to the option of opting out of the settlement versus filing a claim.

  • Mich. Judge Questions AG's Role In Roku Privacy Suit

    By Danielle Ferguson

    A Michigan federal judge on Wednesday questioned the state attorney general's authority to pursue privacy violation claims against Roku Inc. on behalf of residents and children, saying that such allegations can also be brought as a private class action.

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Expert Analysis

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    With last week's agreement to reopen the federal government, at least through the end of January, key healthcare legislation that ha... (read more)
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    Former FBI Director James Comey’s decision to waive his Speedy Trial Act rights in the false statement prosecution against him serve... (read more)
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    With the recent trading suspensions of 10 foreign-based issuers listed on the Nasdaq, an enforcement action against a U.K. security-... (read more)
  • Sharon Crane
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    Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establ... (read more)
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