Defendant Name:
SolarWinds Corporation
Defendant Type:
Public Company
SIC Code:
7372
CUSIP:
83417Q20
Document Reference:
comp-pr2023-227
Document Details
Legal Case Name
SEC v. SolarWinds Corp. and Timothy G. Brown
Document Name
Complaint
Document Date
30-Oct-2023
Document Format
Civil Proceeding
Case Number
23-cv-09518
Federal District Court
New York, Southern District of New York
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The SEC stated: "From at least October 2018 through at least January 12, 2021 (the “Relevant
Period”), Defendants SolarWinds and its then-Vice President of Security and Architecture,
Brown, defrauded SolarWinds’ investors and customers through misstatements, omissions, and
schemes that concealed both the Company’s poor cybersecurity practices and its heightened—
and increasing—cybersecurity risks."
Related Documents:
2023-227
30-Oct-2023
Press Release--Civil Action
SEC Charges SolarWinds and Chief Information Security Officer with Fraud, Internal Control Failures
On October 30, 2023, the SEC "announced charges against
Austin, Texas-based software company SolarWinds Corporation and its chief information security officer, Timothy
G. Brown, for fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities."
SEC Charges SolarWinds and Chief Information Security Officer with Fraud, Internal Controls Failures
On October 31, 2023, the SEC "announced charges against Austin, Texas-based software company
SolarWinds Corporation and its chief information security officer, Timothy G. Brown, for fraud and internal control failures
relating to allegedly known cybersecurity risks and vulnerabilities."
Amended Complaint
On February 16, 2024, the SEC submitted an amended complaint against SolarWinds Corp. for "long-standing, pervasive, systemic, and material cybersecurity deficiencies", which culminated in "a massive cyberattack--which exploited some of SolarWinds' poor cybersecurity practices" as well as "materially false and misleading statements" regarding these deficiencies.
LR-26423
20-Nov-2025
Litigation Release
SEC Dismisses Civil Enforcement Action Against SolarWinds and Chief Information Security Officer
The Comission stated: "The U.S. Securities and Exchange Commission today filed a joint stipulation with Defendants SolarWinds Corporation and its Chief Information Security Officer, Timothy G. Brown, to dismiss, with prejudice, the Commission's ongoing
civil enforcement action"
court_doc201_23-cv-09518
20-Nov-2025
Court Docket Document
Joint Stipulation to Dismiss and Releases
Other Defendants in Action:
