SolarWinds Hit With Shareholder Suit Over Nation-State Hack

Law360 (January 4, 2021, 10:55 PM EST) -- SolarWinds Corp. misled investors by failing to disclose a security vulnerability that suspected Russian-linked hackers are believed to have exploited to gain a foothold into the information technology provider's expansive roster of clients, including Microsoft Corp. and several federal government agencies, according to a proposed class action filed in Texas federal court Monday. 

Shareholder Timothy Bremer's complaint takes aim at SolarWinds' disclosures related to a flaw in the company's Orion monitoring products that first came to light last month but that the company has since learned was likely inserted into its products in mid-2020.

Hackers believed to be backed by the...

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