July 31, 2023
Bernstein Litowitz Berger & Grossmann LLP and Martin & Drought PC will receive a fee of more than $6.4 million for representing investors in software company SolarWinds after brokering a $26 million deal to end claims the company misled shareholders about a 2020 cyberattack.
June 26, 2023
A legal battle may be brewing between SolarWinds Corp. and the U.S. Securities and Exchange Commission over the software giant's handling of a 2020 cyberattack that led to Russian spies breaching the networks of at least nine U.S. federal agencies.
December 08, 2022
SolarWinds shareholders asked a Texas federal judge on Thursday to approve a $26 million deal to end a putative class action over claims that the software firm misled investors about its digital defenses before it disclosed a massive cyberattack two years ago.
November 03, 2022
SolarWinds is nearing a $26 million deal to end a putative class action alleging shareholders were hurt after a massive cyberattack that's been blamed on the software company, but the U.S. Securities and Exchange Commission may be filing an enforcement action, the company told investors on Thursday.
October 03, 2022
Investors in software company SolarWinds have asked an Austin federal judge to certify a proposed class of shareholders who were allegedly hurt after the company's "woefully deficient" cybersecurity practices were linked by officials to a massive cyberattack on the U.S. government.
March 30, 2022
A Texas federal court on Wednesday kept alive allegations from SolarWinds investors that the software firm misled them about its digital defenses before a massive cyberattack, citing a company executive's frequent touting of the business's security posture.
October 04, 2021
SolarWinds investors urged a Texas federal judge to keep their suit against the software company alive, citing how its internal cybersecurity expert had warned of "critical deficiencies" in its cybersecurity before a massive hack that impacted government agencies and private companies.
August 03, 2021
Software company SolarWinds Corp. on Monday asked a Texas federal court to nix a consolidated securities suit claiming that the company deceived investors about its vulnerability to cyberattacks ahead of a 2020 cybersecurity breach, arguing that it had never indicated that the company was "immune to cyberattacks."