Defendant Name: SolarWinds Corporation

Defendant Type: Public Company

Document Reference: court_doc85_23-cv-09518

Document Details

Legal Case Name SEC v. SolarWinds Corp. and Timothy G. Brown
Document Name Amended Complaint
Document Date 16-Feb-2024
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 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.

Related Documents:

comp-pr2023-227 30-Oct-2023 Complaint
Complaint
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."
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."
LR-25887 31-Oct-2023 Litigation Release
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."

Other Defendants in Action:

Timothy G. Brown